NTL Q1 BB growth ‘unusually high’

Steady outlook

NTL has around 691,000 broadband customers, the UK's biggest cableco announced today.

Publishing Q1 results to the end of March the company said that it around 661,000 broadband users. At the end of April that figure had risen to 691,000, it said.

However, NTL warned that broadband growth was "unusually high" in the first quarter due to a number of "special circumstances".

As a result, the company warned: "Therefore, although broadband growth should remain strong for the remainder of the year, the absolute number of quarterly additions going forward is likely to be lower than the rate experienced in the first quarter."

The proportion of punters taking telephone, TV and Internet services from NTL - aka the "triple play" - increased from around 5 per cent in Q1 2002 to 17 per cent this year.

Overall, the cableco generated revenues of £546.5 million ($875.9m) in the first three months of the year.

EBITDA (earnings before interest etc) ran in at £156.5 million ($250.8m). ®

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