TalkTalk Telecom headline revenue up 1.3% amid broadband customer adds

Writer, Stock Market Wire
Wednesday, July 17, 2019 - 07:18

TalkTalk Telecom Group said its headline revenue grew 1.3% in its first quarter after it added more broadband customers.

Headline revenue for the three months through June excluding carrier and off-net sales rose to £387m, with headline on-net revenue up 2.6% to £317m.

The company said it added 118k fibre broadband customers, while its customer churn rate rose slightly to 1.29%, up from 1.28% on-year.

Average revenue per user rose to £24.72, up from £24.65 a year earlier.

'The first quarter is in line with our plan,' chief executive Tristia Harrison said.

'Revenue and Consumer ARPU rose year on year, underpinned by very strong demand for faster, more reliable fibre products.'

'Up to 75% of new consumer customers are now taking fibre and we're seeing more customers than ever choose the faster of our fibre products.'

'In addition, our ongoing simplification and cost reductions continue to drive improvement in profitability, and we remain on track to deliver Ebitda in line with expectations for the year.'

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