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.
