Home Business NewsBusinessBusiness Growth News TalkTalk fibre sign ups increases revenue growth

TalkTalk fibre sign ups increases revenue growth

by Peter Smyth Tech Journalist
17th Jul 19 1:14 pm

In the three months to 30 June, TalkTalk increased the take-up of their fibre services driving higher revenue seeing total revenue up by 13% to £387m.

Year-onyear average revenue per user (ARPU) increased to “24.72 compared to £24.65 of the same period last year.

Tristia Harrison, chief executive of TalkTalk 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.”

This year TalkTalk has seen 118,000 more people signing up for fibre compared to only 67,000 of the same period in 2018 and are on track to deliver their full year expectations.

Russ Mould, investment director at AJ Bell said, “For a company with such a troubled history as TalkTalk, saying that earnings guidance is unchanged is cracking news for its shareholders.

“They can breathe a sigh of relief that there aren’t new problems to depress the share price and that the business is getting on with the day job.”

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