French telecoms operator Iliad grew revenues 7 per cent in the first quarter to €1.2bn as the momentum behind adding new subscribers to its low-cost offering continued.
Iliad was the number one operator in terms of new mobile subscribers for the 21st consecutive quarter, the group said on Thursday. It added 60,000 new fibre to the home subscribers, which is higher-margin than the copper DSL lines that it replaces.
Thomas Reynaud, chief financial officer at Iliad, said:
We maintained our commercial momentum for the first quarter. There was an acceleration of takeup of 4G and a strong increase in average data consumption. There was also an acceleration of migration from DSL to fibre.
Iliad has been luring new subscribers to its low-cost offering by initiatives like adding pay-TV channels to its packages and launching unlimited 4G data in France for its Freebox customers, which it unveiled in March.