November 14, 2024, Paris, France—Iliad Group, a giant telecommunications company in Europe, issued a statement on its quarterly results, which showed total revenues and profits considerably above expectations.
The company attributed the positive results to the success of its digital transformation initiatives. It also delivered a strong performance in France, Italy, and Poland with the help of AI-integrated systems and data strategies tailored to improving customer relations and operational support.
As the company has explained, it received significant momentum from capitalizing group revenue on operational synergies gained through the AI investments made this year and last year.
Thomas Reynaud, Iliad’s CEO, stressed the importance of the development of technologies in international expansion:
“Our focus on developing digital solutions, including AI and automation, improved our efficiency and responsiveness to the market,”
Reynaud noted how all these digital strategies are allowing the Iliad to lead the charge in the change of the way telecommunications infrastructure within the industry is built.
The statement also elaborated on significant improvements in profitability which were fueled by better networks and increased active users. The Senior Vice President of Data Strategy, Claire Delacroix stated,
“Our approach on data analytics and integration of AI focus is not growth for growth’s sake, it is to promote and operate in an efficient manner that meets the needs of customers who are always changing.”
Similarly, the company is looking forward to leveraging its increasing market position and extending with more AI and data capabilities, with time.
Financial analysts observe that Iliad’s course of actions is rather in pace with the industry dynamics which are shifting in the direction of technology and are expected to change the face of the telecommunication industry in Europe and elsewhere.
Source: https://www.iliad.fr/media/CP_141124_Eng_62505b7043.pdf
What is your reaction?
