TalkTalk adds 24,000 mobile customers in Q4

TalkTalk adds 24,000 mobile customers in Q4

Voice and data services firm TalkTalk signed up 24,000 new mobile customers in Q4, adding 109,000 overall in the year 31 March, according to latest figures released. 

The company revealed a strong performance in mobile as part of its full-year preliminary results.

Mobile customers continued to increase with a rise of 7% to 284,000, compared to an increase of 4.5% in the previous year. This equated to 24,000 new customers on the TalkTalk Mobile package for the 12 months to 31 March.

TalkTalk reported total revenue rose by 3.4% to £1,727m for the year to 31 March. The financial performance was in line with expectations, said the company.

For its fourth quarter, total revenue rose 4.9% year-on-year to £448m. It was the fifth consecutive quarter of revenue growth.

After investment for growth in the first half of the year, the second half delivered a sharp rebound in profitability on the back of accelerating revenue growth. TalkTalk’s data products for businesses delivered strong growth with TalkTalk Business now one of the UK’s fastest growing B2B telecom operators.

Dido Harding, chief executive of TalkTalk said he was delighted to report the company’s first full year of revenue growth since demerger, demonstrating that its 'strategy for growth is delivering'.

As well as the strong performance in the mobile division, TalkTalk's focus on data products for businesses was also 'delivering very strong growth'.

Harding said that TalkTalk was committed to another year of growing the dividend by no less than 15% in FY15.    

‘We are on track to deliver our financial targets by FY17, and are increasingly excited about the longer term growth opportunities beyond’. 



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