Salford-based broadband giant TalkTalk Telecom Group said on Wednesday it added 118,000 new customers to its fibre product in the three months to June 30 as it reiterated its full-year earnings target.

In a trading update, TalkTalk said total headline revenue for the firm’s first quarter was up 1.3% to £387 million.

TalkTalk, which competes with BT, Sky and Virgin Media, said 70% of its new consumer customers took fibre in the first quarter.

TalkTalk shares rose about 4% to around 110p give the firm a current stock market value of roughly £1.2 billion.

TalkTalk 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.”