Feeds

Telewest claims 300,000 broadband punters…

...but makes a £2.2 billion loss

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Telewest has almost 300,000 broadband customers, it boasted today.

Publishing its full year results, the cableco said that it had 297,000 broadband users, with 31,000 of those signed up to its 1Mbps service.

No doubt Telewest is keen to plug this good news story and the fact that it is to begin trials of a new 2Mbps broadband service.

Predictably, though, many of today's headlines have focused on the cableco's announcement that it made a loss of £2.2 billion for the year, which included and "exceptional non-cash charge" of £1.64 billion for the devaluation of some of its assets.

Turnover for the year was up a smidgen at £1.3 billion.

Zeroing-in on its Internet operation, Telewest reported that revenues from this had increased by 98 per cent to £79 million in 2002, due mainly to the growth in broadband subscribers. Of which it now has nearly 300,000.

The company also claims that its broadband product is helping to attract new customers for other services, including digital TV and telecoms. ®

The Essential Guide to IT Transformation

More from The Register

next story
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
prev story

Whitepapers

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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.