Feeds

Consumer growth floats NTL's boat

Revs up, losses down etc

  • alert
  • submit to reddit

Remote control for virtualized desktops

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

Remote control for virtualized desktops

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.