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TTG H1 2010/11 interim results: the Dido effect - Venture Insights

Report Overview

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TTG H1 2010/11 interim results: the Dido effect

PublisherEnders Analysis.
Publish Date November 16, 2010
Sector Fixed Line (Internet and Voice).
Company TalkTalk.

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TalkTalk Group (TTG) revenue growth for the six months to September was flat on a like-for-like basis; broadband net additions were affected by heavy churn among former Tiscali customers as the migration process got under way.

Guidance for broadband net adds to March has been reduced by two thirds, but the prospect of improved efficiency from migrations and strong ARPU growth has enabled financial guidance for the full year to be maintained.

Management has laid out ambitious plans to improve performance further by cutting costs. The plans look feasible, but controlling churn will be a long haul.