Feeds

High speed Internet helps drive NTL

Revs up, losses dip

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

New customers spending even more on TV, phone and Net services have helped NTL increase revenues, the cableco reported today.

NTL - which emerged from Chapter 11 bankruptcy protection in January 2003 - added 58,400 new punters during the three months to the end of December, taking its total customer base to 2.87m.

During this time the number of (ahem) broadband customers rose by 84,600 to 949,200. Yesterday, the cableco announced it has now racked up more than one million broadband punters.

Take-up of NTL's content bundle - "Broadband Plus", unveiled last November - has also proved popular. As of today 43,000 customers have signed up to the service.

All this has helped make execs at NTL feel rather chipper. "Broadband growth for 2004 is targeted at 25-30 per cent, reflecting continued industry-leading penetration of our existing customer base and further penetration within our marketing area," said NTL in a statement.

Over the year, NTL increased the number of triple play customers (those punters who take telephone, TV and high speed Internet services) by 58.4 per cent to 591,300 - up from 373,300 at the end of 2002.

Average Revenue per User (ARPU) went up to £41.96 in Q4, an increase of £1.93 compared to a year before.

Said the cableco: "ARPU growth continues to be driven by the growth of our broadband and DTV businesses and by the migration of telephony customers to premium 'Talk Plan' packages."

Here are the big numbers. For the three months to the end of December 2003, revenues increased by 8.1 per cent to £576.7m ($982.7m) from £533.4m ($839.1m) for the same period of 2002.

At the same time, NTL's net loss fell by 78.5 per cent to £130.2m ($223.9m), down from £604.9m ($931.3 million) in Q4 '02, helped by a reduction in debt charges.

Revenues for the full year were up 2.6 per cent to £2.23bn ($3.6bn) from £2.17bn ($3.26bn) in 2002. Net loss for 2003 was down 63 per cent at £583.6m ($954.2m) from £1.58bn ($2.37bn for 2002). ®

Related Stories

NTL notches up 1m 'broadband' punters
NTL dangles content as sweetener for punters
NTL trials PAYG broadband
NTL renews assault on broadband hogs

Intelligent flash storage arrays

More from The Register

next story
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
MOST iPhone strokers SPURN iOS 8: iOS 7 'un-updatening' in 5...4...
Guess they don't like our battery-draining update?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.