By: MarkJ - 19 January, 2010 (8:07 AM) - Score: 1046 - Fixed Line Broadband
The Carphone Warehouse ( TalkTalk , AOL UK , Opal ), which recently consumed Tiscali UK into its group for just £236m, has posted a new Trading Statement that reveals its latest third quarter results. The group managed to raise its total broadband subscriber base from 4.119m customers in Q2-2009 to 4.155m in Q3 (+36,000); more than double the +15,000 net additions seen between Q1 and Q2 last year.TalkTalk Group revenue of £446m (2009: £347m) was 29% higher than the same period last year, reflecting the impact of July's Tiscali acquisition. TalkTalk's Average Revenue Per User (ARPU) also rose by 3% to £23.8.
Charles Dunstone, Chief Executive Officer, said:
"TalkTalk Group’s brand profile, value for money proposition, and customer service have continued to generate real momentum in the market, attracting 36,000 net new broadband customers during the quarter and taking the base to 4.15m. We are now confident that our base at the end of the current financial year will be towards the top of our existing 4.1m to 4.2m guidance range. The Tiscali integration remains well on track to create a highly efficient platform for providing our customers with excellent value and service."
"TalkTalk Group’s brand profile, value for money proposition, and customer service have continued to generate real momentum in the market, attracting 36,000 net new broadband customers during the quarter and taking the base to 4.15m. We are now confident that our base at the end of the current financial year will be towards the top of our existing 4.1m to 4.2m guidance range. The Tiscali integration remains well on track to create a highly efficient platform for providing our customers with excellent value and service."
It's worth reminding readers that The Carphone Warehouse intends to demerge its TalkTalk ISP division into a separate business, which is expected to complete at the end of March 2010.
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