News : TalkTalk On Course for Better Full Year Results and Savings
London, UK, July 22, 2015 -- Telecoms and internet group TalkTalk said it expects this year’s sales and profits to improve.
In a first quarter trading update for the three months to June 30, the group, which operates a Warrington call centre with around 650 staff, said it had made a good start to its new financial year.
It also announced that, as part of a cost-cutting exercise, the business plans to consolidate its North West operations into a single site at Manchester’s Soapworks development.
This will mean the closure of the Warrington site, although the group said there will be no redundancies, and the move is at least two years away.
The launch of the group’s unlimited SIM at the beginning of the quarter delivered strong growth in mobile.
However, it said, in contrast, the broadband market was softer than it had seen in recent quarters, with higher promotional activity in the sector.
But it added: "Against this background, the migration of Tesco broadband customers onto our network has begun well and we expect to complete the process over the remainder of financial year 2016."
The group, headed by Dido Harding, announced details last month of its Fibre to the Premise proposition in York.
It said the service, called Ultra Fibre Optic, will come as standard with TalkTalk’s three consumer packages, SimplyBroadband, Essentials TV and Plus TV, as well as TalkTalk’s Complete Business Broadband package for small- to medium-sized firms.
The first customers are expected to be connected this autumn and homes and businesses currently with TalkTalk will be able to receive a priority upgrade to Ultra Fibre Optic.
Posted by Veronica Silva Cusi, news correspondent
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About TalkTalk Group:
TalkTalk is the United Kingdom's leading value for money provider of fixed line broadband and voice telephony services to consumers and business users. The group serves over 4.8 million customers across the UK under the TalkTalk, AOL Broadband and TalkTalk Business brands. Over the past five years, through a combination of organic growth and acquisitions, TalkTalk has built one of UK's largest broadband and voice customer bases.
Published: Thursday, July 23, 2015