REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

7. ORGANIZATIONAL STRUCTURE
7.1 BRIEF DESCRIPTION OF THE GROUP
7.1 BRIEF DESCRIPTION OF THE GROUP
7. ORGANIZATIONAL STRUCTURE
Iliad S.A is the parent company of the Group and acts as the operational holding structure. It operates in two
areas within the French telecommunications sector: the ANNU reverse look-up directory business, and traditional
corporate telephony services provided under the Iliad Telecom name. In addition, in its role as the Group’s
holding company, Iliad S.A. directly controls 17 consolidated subsidiaries, including 16 in France.
Senior Management functions within the Group are centralized at the holding company level, with senior
managers of the parent company performing the same duties in the Group’s main subsidiaries. There are strong
operating links between the Group’s entities at several levels: (i) the Group’s telecommunications network is
lodged within Free S.A.S., which is responsible for carrying the traffic of all the Group’s companies, (ii) Free
manages all services relating to the invoicing system for all of the Group’s subsidiaries, and (iii) Centrapel and
Total Call provide telephone support services for all of the Group’s subsidiaries.
The Group’s main subsidiary is Free S.A.S, which houses the dial-up and broadband ISP business. In 2007, Free
S.A.S. generated revenues of €1,184 million and its operating profit came to €204 million.
Iliad S.A. rebills to its subsidiaries (i) their share of the lease payments relating to the premises at rue de la Ville
l’Evêque in Paris, (ii) administrative, financial, accounting and legal services provided and (iii) interest payable
on current account advances.
A number of suppliers only wish to work with Iliad, which means that Iliad S.A. receives all the invoices issued
by these suppliers for services provided to all of the Group’s entities. Iliad therefore rebills these amounts to the
subsidiaries concerned.
The Group does not have any significant minority shareholders.
60 - Iliad – Registration Document 2007