Feeds

CPW broadband targets feel the crunch

It's the economy, silly

5 things you didn’t know about cloud 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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
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.
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.
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?