Thursday, May 1, 2008

Neuf Cegetel Reaches 3.3 Million Broadband Clients, up 70K

As of the end of Q1 2008, Neuf Cegetel had 3,294,000 broadband clients, an increase of 70,000 compared to the end of 2007; this includes +100,000 new customers for the Neuf brand and -30,000 customers for the other brands.


For Q1 2008, Neuf Cegetel reported revenue of EU 908 million, an increase of 13% versus the first quarter of 2007 (6% excluding the impact of Club Internet acquisition in June 2007). The Mass Market division generated revenues of €434 million in the first quarter, contributing to 49% of the Group's total revenues. Growth was 46% year-on-year, of which 23% excluding the impact of the acquisition of Club Internet.


The Enterprises division generated revenues of €272 million in the first quarter, a 5% increase year-on-year. Data revenues grew by 13% in the first quarter of 2007 (the Group had 179,000 enterprise data links at the end of March 2008) while switched voice revenues were 3% lower.


Wholesale division revenues came to €203 million in the first quarter, a 17% decrease year-on-year; excluding the impact of the acquisition of Club Internet, this decrease was 13%, i.e. the same order of magnitude as in the first quarter of 2007.http://www.groupeneufcegetel.fr

  • In April, Louis Dreyfus group sold its 28% stake in Neuf Cegetel at a price of EUR 34.50 per share. SFR is the second-largest mobile phone operator in France. Neuf Cegetel is the second largest broadband operator in France.

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