Feeds

Consumer growth floats NTL's boat

Revs up, losses down etc

  • alert
  • submit to reddit

Boost IT visibility and business value

NTL reduced losses in Q1 on the back of improved demand for consumer services. The cableco today reported losses on continuing operations of £62.26m (Q1 04: £75.5m) on revenues of £517m (Q1 04 £513m) for the first three months of the year.

The improved numbers were buoyed by NTL's recent acquisition of ISP Virgin.net and the continuing increase in broadband subscribers. During Q1 the cableco added another 112,900 broadband customers, taking the total number of high speed net users to 1.44m.

The cableco is also reporting that more customers are taking two or more products with almost one in four consumers forking out for the "triple play" - TV, phone and internet.

NTL chief exec Simon Duffy was chipper about today's results, saying the "continued strong performance" should result in more than 200,000 new customers during 2005.

Last night NTL confirmed it had sold its cable business in Ireland, fuelling speculation that it is clearing the table to begin merger talks with Telewest.

It sold the business to UnitedGlobalCom for €325m (£222m). MS Irish Cable Holdings, a subsidiary of Morgan Stanley, will hold the stake on UGC's behalf, until the deal gets regulatory clearance. ®

Related stories

NTL flogs Irish cableco
NTL - Telewest 'preps merger'
French cableco front runner to buy NTL Ireland
Broadband boost helps NTL trim losses

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.