September 3, 2019 / 7:26 AM / 14 days ago

Iliad posts H1 revenue rise despite losing subscribers

Sept 3 (Reuters) - French telecoms operator Iliad reported a 8.4% rise in half-year revenue to 2.60 billion euros on Tuesday despite losing 127,000 subscribers while rivals gained market share.

Adjusted earnings before interest, taxation, depreciation and amortisation after leases (EBITDAaL) fell 7.4% to 802 million euros hurt by a bigger loss in Italy than a year earlier.

Iliad also announced a partnership with Infravia aiming at accelerating fibre rollouts outside of very densely populated areas in France. The two firms will create a special entity to manage fibre lines.

The company maintained all its financial targets.

$1 = 0.8973 euros Reported by Camille Raynaud and Inti Landauro; editing by Jason Neely

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