& cplSiteName &

TalkTalk Sees Revenue Slip to £828M in H1

Light Reading
News Wire Feed
Light Reading
11/13/2012
50%
50%

LONDON -- Interim Results for the 6 months to 30 September 2012

  • Strong on-net additions and best quarter for total net adds in two years
  • Continued strong take-up of broadening range of additional products
  • Next phase of simplifying business to deliver incremental savings of £30m-£50m
  • On track to deliver all FY13 financial guidance Financial Highlights
  • Total revenue £828m (H1 FY12: £844m); Corporate revenue £160m (H1 FY12: £158m)
  • On-net revenue £573m (H1 FY12: £524m); Q2 on-net ARPU £25.37 (Q2 FY12: £23.99)
  • 320bps improvement in gross margin to 54.7% (H1 FY12: 51.5%)
  • Underlying EBITDA £155m, margin 18.7% (H1 FY12: £146m, margin 17.3%)
  • Operating Free Cashflow £104m (H1 FY12: £97m)
  • Headline EPS 7.8p (H1 FY12: 7.6p); Interim Dividend raised to 3.45p (H1 FY12: 2.6p)

    Q2 Operating Highlights
  • 66,000 fully unbundled net adds; total net customer loss of 4,000
  • 44% year on year growth in Plus customers, now 29% of on-net base
  • 32,000 Mobile customers added, base now 117,000
  • Data products trending strongly in TalkTalk Business

    Dido Harding, Chief Executive of TalkTalk commented: "These results show real trading momentum and are a strong platform from which to build towards our medium term growth targets. We have successfully launched our TV proposition and have installed 29,000 customers to date. Customer feedback has been positive and we are growing the base according to plan, at 1,000 per day. Meanwhile, our mobile handset proposition is growing meaningfully in the contract handset market. The demand we are seeing for additional products from our increasingly profitable and stable customer base, the progress we are making in TalkTalk Business, and the savings we expect from the next phase of simplifying the business, underpin our confidence in delivering our targeted 2% CAGR in revenues and 25% EBITDA margin in the medium term."

    TalkTalk

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    From The Founder
    NFV's promises of automation and virtualization are intriguing, but what really excites service providers is the massive amount of money they could save.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    Women in Comms Introduction Videos
    AT&T's Tech President Preps Workforce for the Future

    7|26|17   |   5:47   |   (5) comments


    AT&T is focused on the software-defined network of the future and is reskilling its workforce to get ready too, according to AT&T's President of Technology Development Melissa Arnoldi.
    Women in Comms Introduction Videos
    Cisco: Mentoring Critical to Attract & Retain Women

    7|19|17   |   6:40   |   (1) comment


    Liz Centoni, senior vice president and general manager of Cisco's Computing System Product Group, shares why mentoring in all its forms is important for women and what Cisco is doing that's made a difference for women in tech.
    LRTV Custom TV
    Gigabit LTE With Snapdragon 835

    7|12|17   |     |   (1) comment


    At an event in Wembley stadium, EE used its live network to demonstrate gigabit LTE using a Sony Xperia XZ Premium smartphone with a Qualcomm Snapdragon 835 chip.
    LRTV Custom TV
    Implementing Machine Intelligence With Guavus

    7|12|17   |     |   (0) comments


    Guavus unites big data and machine intelligence, enabling many of the the largest service providers in the world to save money and drive measureable revenue. Learn how applying Machine Intelligence substantially reduces operational costs and in many cases can eliminate subscriber impact, meaning a better subscriber experience and higher NPS.
    LRTV Custom TV
    Unlocking Customer Experience Insights With Machine Intelligence

    7|12|17   |     |   (0) comments


    When used to analyze operational data and to drive operational decisions, machine intelligence reduces the number of tasks which require human intervention. Guavus invested in Machine Intelligence early. Learn about the difference between Machine Learning and Machine Intelligence.
    Women in Comms Introduction Videos
    Verizon VP Talks Network, Career Planning

    7|12|17   |   4:49   |   (0) comments


    Heidi Hemmer, vice president of Technology, Strategy & Planning at Verizon, shares how bold bets and the future of tech define her career.
    Telecom Innovators Video Showcase
    Masergy's NFV Journey

    7|11|17   |     |   (0) comments


    Ray Watson, vice president of global technology at Masergy, discusses the advantages and challenges in entering the still-maturing NFV market for the past three years.
    Telecom Innovators Video Showcase
    Mavenir on RCS Cloud Platform & Multi-ID

    7|10|17   |     |   (0) comments


    Guillaume Le Mener, head of marketing and corporate development at Mavenir, discussed RCS and the recent launch of Multi-ID, which supports T-Mobile's DIGITS, the revolutionary new technology that breaks down the limitation of one number per phone and one phone per number.
    LRTV Custom TV
    ADTRAN Executive Outlines Trends in Next-Generation 10-Gigabit Cable Networks

    7|10|17   |     |   (0) comments


    Hossam Salib, VP of Cable and Wireless Strategy at ADTRAN, outlines key trends as MSOs begin to deploy next-generation Gigabit and 10-Gigabit cable networks. In the interview, Hossam outlines the advantages of a Fiber Deep architecture, FTTH options including EPON and RFoG, and the importance of SDN and NFV in building next-generation high-bandwidth cable networks.
    LRTV Interviews
    Global Capacity: Bandwidth Demand Driving Ethernet Growth

    7|6|17   |   6:37   |   (0) comments


    At Light Reading's Big Communications Event in Austin, Texas, Global Capacity's VP of Marketing Mary Stanhope talks about how the demand for bandwidth is changing the way service providers deliver broadband services.
    LRTV Interviews
    Colt's Services Chief on Digital Delivery

    7|5|17   |   16:12   |   (0) comments


    Rogier Bronsgeest, the chief customer experience officer (chief CEO!) at Colt, discusses the way in which the service provider interacts with its customers these days and his aggressive net promoter score (NPS) targets.
    Women in Comms Introduction Videos
    BT VP: Women Should Fill Security Talent Gap

    7|5|17   |   6:00   |   (2) comments


    By 2020 there will be six security jobs for every qualified worker, and Kate Kuehn, vice president of Security for BT in the Americas, says BT wants to encourage women to fill the shortage in jobs.
    Upcoming Live Events
    September 28, 2017, Denver, CO
    October 18, 2017, Colorado Convention Center - Denver, CO
    November 1, 2017, The Royal Garden Hotel
    November 1, 2017, The Montcalm Marble Arch
    November 2, 2017, 8 Northumberland Avenue, London, UK
    November 30, 2017, The Westin Times Square
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    BBC Head: We Must Reinvent Broadcasting for a New Generation
    Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 7/21/2017
    NFV, SDN, Big Data – It's All About Automation
    Craig Matsumoto, Editor-in-Chief, Light Reading, 7/21/2017
    What's a Little Throttling Between Friends?
    Mari Silbey, Senior Editor, Cable/Video, 7/24/2017
    AT&T's Tech President Preps Workforce for the Future
    Kelsey Kusterer Ziser, Editor, 7/26/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Following a recent board meeting, the New IP Agency (NIA) has a new strategy to help accelerate the adoption of NFV capabilities, explains the Agency's Founder and Secretary, Steve Saunders.
    One of the nice bits of my job (other than the teeny tiny salary, obviously) is that I get to pick and choose who I interview for this slot on the Light Reading home ...
    Animals with Phones
    Live Digital Audio

    Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.