Bouygues Telecom registered a profitable first quarter as sales and customer numbers jumped.
EBITDA rose €97 million year-on-year, to €243 million, as sales increased eight percent to €1.22 billion and the operator cut operating expenses.
In particular, Bouygues cited “greater efficiency” in its fixed-line business.
After posting an operating loss of €55 million 12 months ago, the company registered an operating profit of €34 million this time around. This led to a net profit of €18 million versus a loss of €40 million last year.
Much of the growth was down to some impressive net additions. The France-based operator added 364,000 mobile customers in the first three months of the year, taking its subscriber base to 13.4 million.
On the fixed-line side, Bouygues took its customer base to 3.2 million after adding 88,000 subscribers, with 144,000 signed up to FTTH services.
As part of its results announcement, Bouygues confirmed a target to connect 20 million premises with FTTH in 2022.
The company said it had invested €309 million in the quarter as it looks to “maintain leadership in 4G over the long term, prepare for the arrival of 5G and ramp up the roll-out of its FTTH network”.