Stock Market

Amidst a Rough Telecom Landscape, Iliad Sees a Surprising Profit Jump!

Well, who would’ve thought? While the telecom world was grappling with ups and downs, Iliad, that French telecom big shot, pulled a rabbit out of its hat! With a sassy 4.1% boost in their mid-year core earnings this past Wednesday, they’re certainly laughing all the way to the bank. And guess what? Their new adventures in Italy played a sweet part in this win.

Now, you might not have heard of ‘Iliad’ as a household name, but you sure would recognize their brand – the famous ‘Free Mobile’ in France. Drumroll, please! They’ve raked in a whopping 1.64 billion euros (that’s about $1.78 billion for us) for the first half of this year. Yep, you heard it right! And that’s a cool climb from last year’s 1.58 billion euros.

In a world where nothing’s a sure bet, the big man at Iliad, Mr. Thomas Raynaud, said, “Sure, times are tricky, and we’ve got to watch our step. But hey, our growth game is strong and sturdy!” Hats off to them, eh?

Now, here’s the juicy bit. While most telecom giants like Orange and SFR (yep, they’re part of that Altice group) were biting their nails with slower growth this time around, Iliad was dancing to its own beat, standing out in the crowd.

And if you’re curious about the numbers, just remember: 1 buck is about 0.9204 euros these days. Go figure!

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