TalkTalk, the phone and internet group, has declared some solid progress in its first half year period, seeing total revenues rise 1.8% to £843m in the six months to September 30, while on-net revenue was up 6.8% to £612m, with corporate revenue 1.3% ahead.
Growth in its TV service, meanwhile, has reportedly accelerated with 167,000 net additions in the second quarter and the business now anticipating a customer base of nearly one million by the year end.
“We are delighted with the progress we have made in the first half. We have the fastest growing TV business in the UK and we now expect to have nearly 1m TV customers by the end of FY14,” says Dido Harding, chief executive, TalkTalk. “Our financial performance in the first half reflects the investment we are making in growth. Sustainable revenue growth, a scale TV business and our proven ability to simplify the business to improve our customers’ experience will create a more profitable business, and we are now confident of our ability to deliver a 25% EBITDA margin by FY17.”