Free Mobile Subscriber Growth Continues

At some point, logic suggests, Illiad’s Free Mobile has to experience a deceleration of the rate at which it adds net new subscribers. So far, that is not happening.

Illiad Free Mobile added 420,000 net new mobile subscribers  during the most-recent quarter, making 13 straight quarters where Free Mobile was the leader in net customer additions.

Mobile segment revenue grew 18.5 percent. It isn’t clear what profit margins in the mobile segment were, as Illiad did not report that figure.

Illiad also added 77,000 net new landline high speed access subscribers during the quarter, meaning Illiad gained 42 percent of all net new additions in the market.
Consolidated revenues grew seven percent to almost €1.1 billion, Illiad said.
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