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Carphone Warehouse June quarter trading update: on course - Venture Insights

Report Overview

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Carphone Warehouse June quarter trading update: on course

PublisherEnders Analysis.
Publish Date July 21, 2009
Sector Fixed Line (Internet and Voice).
Company Carphone Warehouse, TalkTalk.

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The distribution business experienced modest growth in connections and revenue, easily outpacing European market handset growth of -15%, as the company continues to build market share.

At TalkTalk Group (TTG) net broadband additions for the quarter were relatively strong, given likely market growth, probably due at least in part to reduced subscriber loss at AOL UK.

In our view cut-price business broadband, rather than IPTV, offers the best prospect of profitable revenue growth in fixed line.