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Shares in FTSE 250 telecoms operator TalkTalk (LON:TALK) have risen by 4.07% to 110p (as of 10:45 BST) after it announced that headline revenues had grown by 1.3% during the three months to 30th June. Management said that the full-year outlook was unchanged with solid EBITDA expectations driven by cost savings and high fibre penetration.
CEO Tristia Harrison said: “Q1 is in line with our plan. 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. In addition, our ongoing simplification and cost reductions continue to drive improvement in profitability, and we remain on track to deliver EBITDA in line with expectations for the year”.
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