Feeds

Telewest brags of record broadband sign-ups

New entry-level product fingered for success

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

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

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.