The iliad Group is accelerating investment in data centers and artificial intelligence infrastructure after reporting a fourth consecutive year as Europe’s fastest-growing major telecom operator. A central part of that strategy is OpCore, iliad’s data center business. In 2025, the group finalized a partnership with Infravia intended to support OpCore’s expansion as an independent operator of hyperscale data centers.
In a press release, the company revealed that 2025 marked a continuation of the strategy launched in 2023 to build a European digital infrastructure business around cloud computing, AI and hyperscale data centers. Iliad said the geopolitical focus on digital sovereignty and growing demand for AI computing capacity are driving higher spending on critical infrastructure.
Thomas Reynaud, CEO, iliad Group, said, “In 2025, the iliad Group confirms its status as the leader in telecoms growth in Europe for the fourth consecutive year. This performance is based on a simple and constant strategy: innovate for our subscribers and invest massively in our networks.”
He continues, “The strength of our economic performance and our low level of debt now give us the means to continue to grow in Europe and accelerate in our new businesses — the cloud, data centers and computing power dedicated to artificial intelligence. In a geopolitical environment marked by intense technological competition, these investments are essential to strengthen European digital sovereignty and build an independent European telecoms and digital champion.”
Iliad plans to focus its business on facilities designed to support cloud services and the large-scale computing requirements of artificial intelligence. The group also increased investment in AI computing capacity through Scaleway, its cloud subsidiary, and expanded infrastructure partnerships in Poland through Play and Scaleway.
Iliad reported EBITDAaL of €3.85 billion (US$ 4.45 billion), up 5 percent from 2024, while operating free cash flow rose 23 percent to €2.25 billion (US$ 2.6 billion). The company reduced its leverage ratio from 2.7x to 2.3x, giving it additional capacity to invest in data centers, cloud services and AI infrastructure.
Telecom operations continued to generate the cash needed to fund those projects. Iliad added 1.5 million net new mobile and fixed-line subscribers in 2025, while service revenue rose 3.4 percent.