Feeds

CPW broadband targets feel the crunch

It's the economy, silly

Gartner critical capabilities for enterprise endpoint backup

Carphone Warehouse has disappointed investors by reporting lower than expected broadband connections in the last three months. Its shares tumbled more than eight per cent this morning.

The firm attracted 109,000 new punters, well short of the 128,000 that City analysts had decided it ought to be aiming for.

Group chairman and CEO Charles Dunstone blamed a "tough consumer environment" in the wake of the credit crunch. He said Carphone would improve efficiency, including migrating AOL customers to its fully unbundled network later this year, and slowing growth of its retail empire.

Net debt for the group was also hit by the worsening economic climate, and a higher than intended investment in building out its LLU network. Currency movements have cost Carphone £120m.

Business was better for the group's mobile tentacle, with a 12 per cent rise in total connections. Dunstone said: "Our performance over the last three months has been good in a slower consumer environment."

No mention was made of Carphone's involvement with Phorm.

The firm set itself a target of 400,000 new broadband customers this year, as it guns for 3.5 million in 2010. Its trading update is here. ®

Build a business case: developing custom apps

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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?