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iliad GROUP Press release Paris , November 16 , 2021 , 8:00 a.m. An organic growth profile unlike any other telco in Europe financial release In the third quarter of 2021 , the iliad Group further demonstrated its ability to generate revenue growth , combining net adds with increases in ARPU . Pro forma like - for - like¹ growth for services revenues reached 5.9 % in the third quarter ( 6.3 % in the second quarter ) , and 6.6 % excluding the regulatory impacts in Poland . The Group recorded subscriber and ARPU growth in all of its operating countries , clearly illustrating the power of its brands , its effective sales strategy and its ability to innovate and continue to differentiate : France saw another period of high growth in the third quarter , with revenue up 4.7 % ² year on year , driven by a stronger performance for the Fixed business and a good value / volume mix for Mobile . It was France's best quarter since Q1 2018 in terms of 4G / 5G subscriber recruitment . In Poland , services revenues growth slowed to 2.3 % following the implementation of new mobile termination tariffs as from July 1. However , excluding this regulatory impact , growth² was 6.2 % versus 4.6 % in the second quarter , and sales continued to fare well . The pace of growth² accelerated slightly in Italy , coming in at 21.0 % for the third quarter , led by an upswing in net adds despite even fiercer competition . On October 13 , iliad Holding successfully placed a c . € 3.7 billion four - tranche bond issue with European and American investors . The success of the issue clearly demonstrates investors ' support for the decision to delist iliad SA , as well as the Group's solid business development outlook in Europe . The acquisition of UPC Poland - which is expected to complete in early 2022 - forms part of the same overall growth objective . Meanwhile , drawing on its solid third - quarter results , the Group is continuing to implement the pledges in its Climate Strategy . 1 Calculated as if Play had been consolidated as from January 1 , 2020 2 Growth in services revenues 1/8