Talk Talk spotlights small screen success

The telecom group has seen revenues grow thanks to free TV platform

by Gabriella Griffith
Last Updated: 24 Jul 2013
Telecom player Talk Talk is chattering about good results this morning as it announces its quarterly results. It has recorded second quarter year-on-year revenue growth of 1.7% to £421m meaning the company is on track to achieve its medium-term targets.

'We are continuing to deliver on our commitment to grow the business with strong progress in customer numbers, revenue and new product penetration,' said chief executive Dido Harding

'Customers are spending more and staying with us longer because of our strong value-for-money deals. We are reiterating our full year financial guidance and remain confident about delivering our medium-term financial targets of revenue and margin growth.'

Having become the fastest growing new TV business in the UK in the first few months of 2013, the company built on its earlier success adding 160,000 new TV customers.

'Nine months after launching TalkTalk TV on the YouView platform, we are delighted with our progress in building a great, value-for-money TV business.'

The addition of ex- Facebook executive Joanna Shields to the board to advise on growth strategy has clearly paid off. Sky, Virgin Media and BT had best watch out...

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