TalkTalk Telecom said it was the UK’s fastest growing TV business today after reaching the landmark of one million customers. Turnover climbed by 3.4% to £1.73 billion in the year to March and has risen for five quarters — the best performance since TalkTalk split from Carphone Warehouse in 2010.
The firm, which launched its TV offering 18 months ago, added 687,000 customers in the 12 months to March 31, more than the combined growth of established players BSkyB, Virgin Media and BT, while the company added 134,000 fibre customers during the last 12 months, bringing its total superfast broadband user base up to 207,000.
Despite promising to disrupt the pay-TV world with the launch of its television service in December 2006, BT took seven years before finally reaching the 1m subscriber mark in March. TalkTalk has reached that target in just 18 months after relaunching its TV business, using the Youview set to box, in the Autumn of 2012. Source
“We continue to grow faster than all the other UK TV operators put together and are confident that in time, all our customers will take TV,” said Dido Harding, TalkTalk chief executive.
The company added 10,000 broadband customers against BT’s 170,000. Pre-tax profits dived by three-quarters to £31 million.