Iliad shares drop 4 pct as mobile phone growth slows

[Wireless News]

http://l1.yimg.com/bt/api/res/1.2/MvnlD6h7Bw95xTsnNJovrQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-11-15T100510Z_1_CBRE9AE0S1D00_RTROPTP_2_ILIAD-RESULTS.JPG (http://news.yahoo.com/iliad-shares-drop-4-pct-mobile-phone-growth-100510526--finance.html)By Gwénaëlle Barzic PARIS (Reuters) - Shares in France's Iliad fell more than 4 percent after the low-cost telecoms operator founded by billionaire Xavier Niel reported slower growth at its mobile phone business Free. Iliad said the number of new mobile customers fell to 640,000 in the third quarter from 720,000 in the second, suggesting that a price war with more established mobile operators is making it harder for Iliad's Free Mobile service to lure away their customers. It was the slowest quarterly increase in customers for Free Mobile since its launch, although the third quarter is traditionally a slower period. Some analysts had anticipated the slowdown and had expected Iliad to launch a new commercial formula to boost sales.



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