UK’s top broadband provider, the Carphone Warehouse has released the interm financial statement for the first quarter, 2009. The Carphone Warehouse currently, owns AOL UK and TalkTalk internet service providing companies and the main susidiary, TalkTalk is reported to have added 47,000 new broaband customers, according to the latest figures available. Now, TalkTalk has 2.85 million broadband subscribers in the UK.
It should be noted that TalkTalk has acquired Tiscali UK broadband provider in May that cost the ISP over £236m, it was earlier reported.
However, comparing to previous quarter figures, the net addition of broadband customers shows a significant decline. TalkTalk had made 74,000 new additions to its broadband customers during last quarter and the net addition of 47,000 new subscribers during this quarter shows 50 percent fall in growth in broband subscriptions.
Charles Dunstone, the CEO of TalkTalk said:
“TalkTalk Group is trading well, in line with our expectations. We added 47,000 net new customers to our broadband base and average customer spend is up 5% year-on-year. We migrated a further 59,000 customers onto our own network in the quarter and we now have 79% of all our broadband customers on our unbundled network, leveraging the superior economics that it gives us.
TalkTalk’s leading value proposition and strong customer service clearly continue to resonate strongly in today’s marketplace, and churn has declined significantly year-on-year and remains low.”
By the first week of July, TalkTalk was said to have complted the takeover of Tiscali UK division. However, TakTalk can add the number of Tiscali broadband customers to its customer base during the second quarter and the next quarterly statement from TalkTalk provider will be announed in the first week of October, 2009.
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