Feeds

Telewest brags of record broadband sign-ups

New entry-level product fingered for success

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

The launch of a cut-price, entry-level broadband product in March has helped Telewest rack up a record three months for attracting new customers. In the three months to the end of June cableco Telewest added 72,000 new high-speed Internet punters, compared to 51,000 in the first quarter (Q1). As of 30 June, Telewest had 538,000 broadband Internet subscribers.

"This growth was driven principally by the successful launch of our lower tier 256Kb service in March 2004," said Telewest as it reported its Q2 figures.

During the second quarter of 2004, the cableco also increased the connection speeds of its top three broadband services which the company claims has helped it maintain an edge over rivals in the franchise areas it operates.

Although Q2 revenues rose a smidgen from £323m last year to £326m in 2004, Telewest dived into the red again with a net loss of £126m compared with a profit of £5m last year. Telewest blamed a large part of the loss on foreign exchange fluctuations.

Said Cob Stenham, chairman of Telewest Global, Inc: "This is the last set of results for Telewest Communications plc, the predecessor company of Telewest Global, Inc prior to the completion of its financial restructuring on 15 July, 2004. They show continued good operating performance with growth in customers and revenue generating units.

"As a result of the financial restructuring, Telewest now has a strong balance sheet and a sound platform for delivering profitable growth as a leading broadband communications and media group in the United Kingdom," he said.

On 15 July, the cable company completed its financial restructuring to help sort its debt problem. Telewest Communications plc, formerly the parent company of the Telewest Group, was de-listed from the London Stock Exchange and will be liquidated or dissolved. As a result of the restructuring, Telewest Global, Inc became the new parent company of the Telewest Group with its stock trading on Nasdaq. ®

Related stories

Telewest plagued by intermittent email probs
40k hit by Telewest email snag
Telewest cuts losses
Telewest boosts broadband speeds
Telewest dubs broadband most successful product
Telewest unveils capped 256k Net access

Secure remote control for conventional and virtual desktops

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
Drag queens: Oh, don't be so bitchy, Facebook! Let us use our stage names
Handbags at dawn over free content ad network's ID policy
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
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.