France’s Iliad’s profits jump as sales grow, adapts to energy costs

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Reuters UK

By Valentine Baldassari (Reuters) -French telecoms firm Iliad reported higher half-year core earnings on Tuesday, driven by growth in the three countries in which it operates and the integration of Polish broadband operator UPC. Iliad, which billionaire Xavier Niel took private last year, said it was “keeping a vigilant eye” on market volatility and taking steps to reduce energy use, including making equipment more efficient and turning off certain frequency bands at night. “We are faced with an unprecedented inflationary co…

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