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TalkTalk posts solid fiscal year, helped by fiber growthKen Wieland, contributing editor, 6/11/2020
UK broadband provider TalkTalk posted a robust set of results for fiscal 2020 (ended March 31), thanks to strong fiber growth and cost-saving measures. Fiber net adds, at 605,000, represented an impressive 34% year-on-year jump. As of March 31, TalkTalk's fiber subscriber base was just shy of 2.4 million. And, on a like-for-like basis, operating costs were down £79 million (US$100 million) year-on-year. "Headline" EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 9.7%, to £260 million ($330 million). Helping to reduce operational costs and boost EBITDA was the relocation of TalkTalk's head office from London to Salford (near Manchester). A greater proportion of fiber customers in the subscriber base was another upside. Because of the increase in more reliable fiber connections, TalkTalk said there were fewer faults and calls to contact centers. For more on TalkTalk's fiscal 2020 results, see the full story on Light Reading: TalkTalk on the up, up
— Ken Wieland, contributing editor, special to Light Reading |
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