TalkTalk results lift share price

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TalkTalk results lift share price

FTSE 250 telecoms firm TalkTalk (LON:TALK) saw its shares climb by 3.38% to 99.50p (as of 14:45 GMT) after posting results for the six months ended 30th September. Revenues for the period fell by 6.2% due to the impact of COVID as well as industry-wide changes, but there was an improvement in the year-on-year trend.

CEO Tristia Harrison commented: “Our financials have been resilient in the first half, albeit with some impact of COVID-19 on Headline revenue and EBITDA. Lockdown has taught us that fast, reliable and affordable connectivity is more important than ever, and we have seen excellent network performance despite a 40%+ increase in data usage.

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