Talk Talk jumps on customer acquisitions
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Shares in telecoms outfit Talk Talk (LON:TALK) jumped 9.99p to 119.89p (as at 11:15 BST) as it said revenue rose 4.1% to £382 million as the company added 80,000 net broadband customers, taking the total to 4.22 million.
Chief executive Tristia Harrison said: “We are pleased to have delivered strong customer and headline revenue growth in the first quarter and we remain firmly on track to deliver at least 150,000 net adds this financial year.
“After resetting the business last year, we are now a much simpler, lower-cost business. As our strategy to be the UK’s leading value provider of fixed connectivity continues to deliver, we are on course to report headline revenue growth, stable average revenue per user and a 15% year-on-year increase in headline earnings before interest, taxes, depreciation and amortisation. Alongside the core business we continue to make good progress on our plans for full fibre (FTTP).”
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