French telecommunications group Iliad reported a 2% increase in core profit, with stronger performance in Italy helping offset a more competitive market at home.
Italy was the key driver, reflecting continued customer growth and improving operating momentum in the group’s expanding mobile business.
Iliad, controlled by billionaire Xavier Niel, has invested heavily to build its position across Europe, challenging established operators with lower-priced mobile and broadband services.
The company’s results underscore the importance of its international expansion as France’s telecom market remains mature and intensely competitive.
Iliad’s performance will be closely watched as operators contend with pricing pressure, rising network investment and the cost of rolling out next-generation services.
The group has positioned Italy as a major growth market since entering the country in 2018, rapidly attracting subscribers through aggressive pricing and a digital-first approach. Its latest results suggest that strategy continues to deliver, even as the broader telecommunications sector faces slower growth and higher operating costs.