We know that Orange has done everything to convince Martin Bouygues to redeem him Bouygues Telecom. Following his refusal last April, the incumbent even tried one last attack, managing to put in place a new scheme that SFR and Free have reviewed their ambitions downwards. In vain.
Now, Stéphane Richard still believes that market consolidation is essential to enable telecom operators to find room to maneuver through the end of the price cuts and to smooth ever Consequently investments .
then a new scenario have emerged as the JDD which did not cite its sources. “Everyone is talking and weeks one, the latter never explored scenario, a redemption by Orange Free circulates in the minds of operators. Especially as rare in this area, their two bosses, and Stéphane Richard Xavier Niel, get along very well. this would allow the Free to take a position at Orange, as what was Martin Bouygues. in addition, the founder of Free holds a 15% stake in Telecom Italia, dedicated to unite futures in Orange. It could well be the backbone of a double consolidation, first in France and then in Europe, “it said.
yet Difficult to picture book such a scenario for several reasons : operational complexity would be the same as the weight of Free on the mobile (12 million subscribers) or worse seen the Free market share in the fixed where it is second behind Orange with 6 million customers. We not imagine the complexity of the asset disposal plan. On the other hand, they said the same thing with BouyguesTel …
In addition, Free is in excellent financial health and has absolutely no reason to look closer together. Iliad, parent company of Free, generated in 2015 a net profit of 335
million, up 20.3%, primarily due to an increase
the number of its subscribers, both in mobile and fixed network. Sure
the full year, the group achieved a turnover of
4.41 billion euros, up 5.9% from 2014. The
EBIT was also up, standing in
up 17% to 666.2 million euros against 569.5 million a year
earlier.
In mobile, the growth of Free Mobile can not be denied despite offensives from competitors with 1.6 million
net new subscribers terminations in 2015, bringing the portfolio
subscribers to 11.68 million against 10 million a year earlier (by
market 17% against 14% in 2015).
In early April, the group of Xavier Niel has also clearly emphasized its capacity for growth in a market 4. In short, Free just does not pressure.
“Free
known for 4 years very strong growth: the Group has more than
doubled its turnover (+ 108%) increased by + 78% in EBITDA and
more than tripled its subscriber base with 13 million subscribers
Additional “.
” The Iliad Group has the ambition to continue
growth by supporting its dynamics on an industrial heritage
and financial
strengthened considerably since 2015, with:
increasing its portfolio frequency (15 MHz in the band
1800 MHz frequencies available from end of May 2016 and 10 MHz
in the 700MHz band, available from 6 April 2016)
enabling the Group to have a total of 55 MHz, 45 MHz
dedicated to 4G; a very strong balance sheet with a debt ratio of
EBITDA 0,80x only; increased profitability with an EBITDA in
up 16% on 2015; market share steadily increasing (17% in
Mobile and 24% in fixed broadband and very high speed). “
The message is clear. And even if Xavier and Stephane get along pretty well, even though both groups are already bound by an agreement roaming, it is not clear which would push the boss Iliad to abandon her baby, who jealously guards Free, which has refused to abandon its capital controls.
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