KCOM says fibre broadband to overtake xDSL by end-February as it issues trading update

30 Jan 2018

UK-based KCOM Group has issued a trading update ahead of a Capital Markets Day scheduled for 1 February, stating that it remains on track to deliver an overall EBITDA performance ‘slightly ahead’ of the Board’s expectation for FY 2018, though confirming it expects revenues to be ‘slightly behind’. According to the company, its ‘Hull and East Yorkshire’ business has specifically continued to ‘enjoy a successful year’, with revenue tracking in line with the Board’s expectations. In addition, the unit’s EBITDA for the period will benefit from a multi-year rebate on hereditament (i.e. rateable value) relating to the Hull and East Yorkshire network infrastructure. Also of note, with KCOM having confirmed that it had achieved its target of making fibre-based broadband available to 150,000 premises in December 2017, it says it has now started the second wave of deployment with a view to bringing such connectivity to all remaining premises in its addressable market. With fibre uptake remaining ‘strong’, KCOM also revealed that it expects to have more broadband customers being served by fibre rather than a copper-based service by the end of February 2018.

United Kingdom, KCOM