Iliad H1 profits fall on weak fixed business, lowers cash flow target

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(Telecompaper) Iliad reported a fall in first-half profits, as the weakness in its fixed-line business continued, it started to lose mobile customers in France and the company endured start-up losses in Italy. The company said it started a new sales strategy in June, which returned the fixed and mobile businesses to customer growth in the summer, and reiterated its target to improve margins over the full year. However, Iliad lowered its cash flow target for 2029 due to the problems at the fixed business. 
Source: Industry News (syndicated from Telecompaper.com)

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