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Iliad launches fixed-line broadband in Italy

01/25/2022 | 06:21am EDT
FILE PHOTO: A guest speaks on a mobile phone as she arrives for the French telecoms operator Iliad's media conference in Milan

MILAN, Jan 25 (Reuters) - Iliad launched full-fibre broadband in Italy on Tuesday starting at 15.99 euros ($18.05) a month for existing clients as the French low-cost mobile company presses ahead with its expansion in the country's crowded telecoms market.

Benedetto Levi, head of the telecom company's Italian operations, said subscriptions for customers who are not yet Iliad clients would cost 23.99 euros a month.

Iliad's move is set to intensify its rivalry with former phone monopoly Telecom Italia (TIM), which is weighed down by debt and under pressure to upgrade its broadband network to meet Italy's digital goals.

The French company said its new fibre-to-the-home broadband would have download speeds of up to 5 gigabits per second with upload speeds of 700 megabits per second and would be available in 7.4 million Italian homes.

"We have been receiving for months requests to launch a fibre service from our mobile customers, fed up with the lack of transparency in this market," Levi said in a statement.

Founded by French billionaire Xavier Niel, Iliad entered Italy's mobile phone market in 2018 with low-cost services and now has 8.5 million customers with a market share of over 10.5%.

After shaking up the Italian mobile market, Iliad is now considering potential mergers and acquisitions. Sources told Reuters on Friday that it was exploring a deal to combine its operations with those of Vodafone in Italy.

Asked to comment at a news conference, Levi said: "Since arriving (in Italy) we've followed our own path. Today, we are pressing ahead alone as we have done for the last three-and-a-half years, and will continue on our path."

Separately, Levi told Reuters that Iliad was not ruling out any options in the future. (Reporting by Elvira Pollina; Writing by Giulia Segreti, Editing by Agnieszka Flak and David Clarke)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.39% 0.69969 Delayed Quote.-4.31%
BRITISH POUND / US DOLLAR (GBP/USD) 0.56% 1.23404 Delayed Quote.-9.40%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.45% 0.77954 Delayed Quote.-2.04%
EURO / US DOLLAR (EUR/USD) 0.07% 1.0446 Delayed Quote.-8.55%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.44% 0.012852 Delayed Quote.-3.88%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.34% 0.6322 Delayed Quote.-7.99%
TELECOM ITALIA S.P.A. -2.02% 0.2722 Delayed Quote.-37.31%
VODAFONE GROUP PLC 1.90% 119.68 Delayed Quote.6.95%
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Sales 2022 44 888 M 46 700 M 46 700 M
Net income 2022 2 534 M 2 636 M 2 636 M
Net Debt 2022 43 104 M 44 844 M 44 844 M
P/E ratio 2022 18,1x
Yield 2022 6,42%
Capitalization 39 839 M 41 447 M 41 447 M
EV / Sales 2022 1,85x
EV / Sales 2023 1,82x
Nbr of Employees 105 000
Free-Float 95,5%
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Margherita della Valle Group Chief Financial Officer & Director
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