Feeds

'Momentous year' for TalkTalk as it surges from 3rd place to, er, 4th

This is 'fundamentally better', insists Harding

Beginner's guide to SSL certificates

TalkTalk has reported a slight fall in revenue and pre-tax profit for the full financial year.

The budget telco told the City that sales for the 12 months to 31 March had slipped by one per cent to £1.67bn compared with £1.68bn a year earlier.

Profit before tax dipped four per cent to £122m, the company added.

TalkTalk CEO Dido Harding characterised the year as "momentous" and claimed that the business - under her tenure - was "fundamentally better" than three years ago.

She noted that the ISP had returned to year-on-year revenue growth in the company's final quarter.

Sales in the final quarter of the financial year hit £427m - up a conservative 1.4 per cent on the same period in 2012. TalkTalk said it added 64,000 fully unbundled broadband and phone line customers during that quarter, although 34,000 broadband-only subscribers abandoned the service.

The company said its total broadband base stood at just over 4 million customers - keeping TalkTalk in fourth place behind rivals BT, Virgin Media and BSkyB. It had been in the number three spot, before being overhauled by Sky last November.

For the foreseeable future, TalkTalk looks set to remain in that spot given BSkyB's planned acquisition of O2 and BE's home broadband and fixed line network - which has roughly half a million subscribers.

TalkTalk said that fibre-broadband uptake remained "modest": it currently has 73,000 fibre customers on its books.

Communications watchdog Ofcom recently confirmed it was investigating BT - whose boss Ian Livingston branded TalkTalk "copper Luddites" in a row over fibre rollout - following repeated complaints from TalkTalk about BT's supposed stranglehold on the nascent fibre broadband market.

"We remain actively engaged with Ofcom and government to promote greater competition in fibre through a tighter regulatory framework," TalkTalk said. The company wants BT to price its fibre cabling installation more fairly.

Last autumn, TalkTalk invested £62m in its YouView set-top box. As of the end of March the company said it had installed the service for 230,000 customers.

The ISP's shares are currently trading up more than seven per cent at 243.50 pence on the London Stock Exchange. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.