Feeds

Broadband boost helps NTL trim losses

Cableco reports

  • alert
  • submit to reddit

Business security measures using SSL

NTL's decision to restructure its business, focus on broadband and elbow "delinquent" punters into touch appears to paying off. Operating losses fell 80 per cent from £192.4m to £39m for the year to the end of December as revenues rose 8.7 per cent to £1.5bn.

Much of this is down to a 40 per cent growth in broadband subscribers to 1.33m, said the UK cableco, although 62,000 of those were added following the acquisition of Virgin.net in November.

Despite increased competition from DSL providers NTL estimates that the number of cable broadband punters will continue to grow by around 20 to 25 per cent during 2005.

As well as generating extra revenue, NTL is also cutting overheads. In November, it announced it was getting tough with late payers and that appears to be paying off too.

Said chief exec Simon Duffy: "After implementing major systems improvements in 2004 and aggressively removing delinquent or non-paying customers from our customer count, we expect to add over 200,000 customers on-net this year, including a further 20-25 per cent increase in our broadband customer base."

Last month NTL completed the £1.27bn sale of its broadcast division to a consortium led by Macquarie Communications Infrastructure Group. The UK cableco used £500m to repay some of its outstanding debt. ®

Related stories

NTL completes £1.27bn sale of broadcast division
NTL to trump BT in March assault
NTL flogs broadcast division for £1.27bn

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
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
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.