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Tuesday, January 16, 2007

TalkTalk broadband reaches 2.2 million

The Carphone Warehouse (TalkTalk) gave a third quarter trading update for the 13 weeks to 3oth December 2006 on the 12th January and with them, group revenue figures up by 31%.

This update shows the impact of the aquisition of the AOL's UK broadband business last year, with the groups overall number of broadband customers now at 2.12 million, of which 413,000 (132,000 TalkTalk broadband customers and 281,000 AOL broadband customers) are via an unbundled connection.

Charles Dunstone, Chief Executive Officer, said:

“We have had another very good Christmas period. Delivering profitable like-for-like growth after last year’s very strong performance is a great achievement, reflecting all our people’s efforts, and driving market share gains through the strength of our customer proposition.

“The completion of the AOL deal makes us the clear number three player in the UK broadband market with 2.2 million residential broadband customers, giving us the scale we need to deliver significant profitable growth in the medium term. Our immediate focus continues to be on improving our processes and customer service, where we have made good progress in recent months.

“In just its first nine months, Virgin Mobile France has established itself as the fastest growing virtual network in the market with 379,000 active customers, and customer acquisition is accelerating as the brand becomes more prominent and distribution becomes broader. In addition, Best Buy Mobile, our US joint venture, has enjoyed a promising start.

“Overall we anticipate a full year result in line with current market expectations.”

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