Feeds

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

This is 'fundamentally better', insists Harding

Build a business case: developing custom apps

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. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.