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French telecommunications giant Iliad reported an 11.8% rise in core profit for 2024, driven by strong growth in France, Italy, and Poland.
The company, majority-owned by billionaire Xavier Niel, also revealed plans for a E3 billion investment in AI, focusing on subsidiaries such as OpCore, Scaleway, and Kyutai.
Total earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached E3.85 billion last year.
Iliad added over half a million mobile users in France and saw substantial growth in Italy and Poland, with 900,000 new mobile subscribers in Italy and 270,000 in Poland.
Looking ahead, Iliad aims for E2 billion in operational free cash flow by 2025.
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