Salford’s TalkTalk adds 148,000 fibre connections

Tristia Harrison

Salford-based broadband giant TalkTalk Telecom Group said in a trading update on Friday it added 148,000 fibre connections in the third quarter.

TalkTalk reported a slight fall in headline revenue to £383 million but added that cost savings should keep it on track to meet full-year core earnings expectations.

TalkTalk CEO Tristia Harrison said: “TalkTalk enters 2020 a far simpler business with a structural advantage to accelerate Full Fibre nationwide.

“The recently agreed sale of our FibreNation business for £200m will strengthen our balance sheet while securing a long-term, competitive wholesale agreement, as well as full optionality to work with all Full Fibre builders.

“In the last quarter, we have outperformed the market on Fibre and Ethernet growth, with increasing numbers of customers in both Consumer and B2B taking higher speed products.

“We have continued to see industry-wide Voice decline, but with the successful completion of our move from London to the North West and the resulting cost reductions our EBITDA outlook remains unchanged.

“As we look forward, we will reap the benefits of this simplification, further cost reductions, a strengthened balance sheet and cash generation.

“Plus, clear optionality to realise our scale and accelerate customer migration to Full Fibre products over the long term.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.