NTL is signing up new 1,500 new broadband customers a week and maintains it is well on target to have 100,000 cable modem customers by the end of the year, according to figures published today.

Releasing its pre-announced Q1 results, the outfit said that it currently had 26,800 broadband cable modem customers with a monthly churn of just 1.5 per cent.

The outfit also admitted that its service was not up to scratch and that improving customer service across the board, especially in London, was a top priority.

It claims to have made improvements in installation time, network faults and performance of its call centres.

Publishing its Q1 results, which it pre-announced two days ago (increased losses and turnover), the cableco also said it had sold $1 billion in bonds to help finance its operation for the next three years. ®

Related StoryNTL is definitely up to something