Feeds

NTL recruits 79,000 broadband cable customers

Will top 100,000 by year end

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

NTL claims it has 79,000 broadband cable users and anticipates that it will exceed its target of 100,000 subscribers by the end of the year.

Publishing its third quarter results for the three months to September 30 the company said broadband subscriber number had jumped a whopping 73 per cent quarter on quarter.

The rise follows a joint promotional campaign with cable rival Telewest during the summer, which sought to educate people about the benefits of broadband.

It seems that money was well spent and could be a lesson to other broadband providers that making people aware of the benefits of broadband could pay-off in the long run.

NTL's total revenues - which also includes its telecoms and cable TV business - hit £645 million for Q3, up slightly from the £634million in Q2.

Earnings before interest etc (EBITDA) rose 15 per cent from £115 million in Q2 to £132 million in Q3.

Said Barclay Knapp, president and chief exec of NTL: "We are pleased with our progress this quarter, especially since the third quarter is traditionally challenging in our industry.

"We are continuing to concentrate on our 2001 objectives: improving service levels, realising better revenue potential in our products, reducing costs and increasing asset utilisation," he said.

In recent months the cableco has become a vocal advocate of broadband services. It's called upon business to embrace the technology in a bid to give them a competitive edge ahead of improving market conditions.

And it also called for a "new, bold initiative" from Government asking it to take a more interventionist approach to broadband in a bid to give demand a boost. ®

Related Stories

Back broadband during the downturn
NTL calls for 'new, bold' broadband initiative

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?