Feeds

CPW broadband targets feel the crunch

It's the economy, silly

Top 5 reasons to deploy VMware with Tegile

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

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.
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.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.