Strongest growth in TV product take-up drives TalkTalk Q3
DetailsEditor | 03 February 2015
UK ISP TalkTalk has delivered what is perhaps one of its strongest quarters in recent history including its strongest growth ever in aggregate take-up of new products in TV, mobile and fibre.
TalkTalkFor third quarter for its 2015 financial year, the ISP posted total revenue of £449 million, up 4.2% year-on-year with on-net revenue up by 6% year-on-year to £334 million. The company also showed accelerating year-on-year revenue growth (4.2%), and calculates that it is on track to deliver at least 4% in FY15. On-net churn was reduced to its lowest level (1.3%) in three years.
TalkTalk claimed strong response to the launch of its quad-play offering with 115,000 net additions for TV services as well as 15,000 in broadband, 50,000 in mobile and 88,000 for fibre. The firm also noted that its acquisition of Tesco broadband and blinkbox will accelerate development of its IPTV proposition.
"Today's results demonstrate the strong and growing demand for our value-for-money products, as we saw our strongest ever quarter of TV, mobile and fibre adds with our lowest ever reported churn," commented TalkTalk chief executive Dido Harding.
"We are excited about the future of quad-play. TalkTalk is ideally positioned to push home its strategic advantage in an industry undergoing major changes. Our customers recognise the significant savings they can make on all four products from TalkTalk. We have the largest unbundled network in the UK, a new long-term mobile access agreement, and one of the broadest ranges of film and TV content, all of which is underpinned by a pro-competition regulatory environment. We remain confident in our plans for delivering sustainable growth and a more profitable business over the medium term, and remain on track to deliver our FY17 targets."