TalkTalk releases positive fiscal 4Q results; optimistic about future

11 May 2010

UK internet and telephony provider TalkTalk has revealed that revenue in its fourth fiscal quarter ending 31 March 2010 grew 22% year-on-year to GBP1.7 billion (USD2.5 billion). In its first report since splitting from retailer Carphone Warehouse, the telco said it added 42,000 net new broadband subscribers during the three-month period, taking its total to 4.2 million. EBITDA meanwhile was up 27% to GBP230 million. TalkTalk said it planned to add between 140,000 and 180,000 net new broadband customers during this fiscal year, and is aiming for revenue growth of between 6% and 8%, coupled with an EBITDA margin of between 14.5% and 15.5%.

United Kingdom, TalkTalk (incl. FibreNation)