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Carphone Warehouse September quarter trading update: continued resilience - Venture Insights

Report Overview

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Carphone Warehouse September quarter trading update: continued resilience

PublisherEnders Analysis.
Publish Date October 6, 2009
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology.
Company Carphone Warehouse, TalkTalk.

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At TalkTalk Group (TTG) net broadband additions at TalkTalk/AOL UK were unexpectedly strong, with low cannibalisation of Tiscali subscribers particularly good news.

At the newly acquired Tiscali UK, the inevitable skeletons are starting to emerge from their cupboards. Management appears well prepared for the challenges, although it is early days.

Carphone Warehouse’s distribution business grew connections at 2.1% during the quarter, another very creditable performance in a declining market, and it remains well positioned for the market recovery.