[Press Release] The iliad Group records solid first-quarter results [Yahoo! Finance]
TELE2 AB UNSP/ADR (TLTZY)
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Source: Press Release
The iliad Group delivered solid results in the first quarter of 2024, and consolidated its European leadership both in terms of revenue growth and Mobile and Fixed net adds. The iliad Group continued to win market shares in all of its segments and is standing by its targets of achieving €10 billion in revenues and becoming Europe's fifth-largest mobile operator in 2024. Consolidated revenues rose 11.2% to €2.43 billion in the first quarter, with growth led by each of our three geographies: France recorded its strongest quarterly revenue growth for nearly 10 years (with revenues up 10.0%) revenues for Poland advanced 13.8% (following a 10.2% increase in Q4 2023) with higher like-for-like growth (up 5.0% versus 3.0% in Q4 2023) and a favorable currency effect, and Italy's revenue growth remained high, at 12.8%. In France, Free cemented its leading position in terms of net adds, both in the Mobile and Fixed markets and for Fiber. It gained 212,000 net new Mobile subscribers during t
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