Read More/Source: The Register
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NTL's merger with Telewest helped boost Q2 revenues 83 per cent to £884.3m, the network reported today.
Losses from continuing operations were up too though, hitting £206m, from a £56.3m loss in 2005. Net loss was £195.8m compared to income of £73.5m a year ago.
After 25,800 new cable punters came to NTL in Q1, 18,900 upped sticks and left the network in Q2. NTL said the deserters were expected because of increased competition, an active housing market and its strategy of attracting "quality" custom. Average revenue per customer (ARPU) rose 71 pence on Q1 to £42.21.
CEO Steve Burch said: "Consumer revenue, OCF, ARPU, RGU per customer and triple play penetration have all improved sharply as we focused our strategy on acquiring profitable quality customers. As expected, this did impact overall customer levels slightly."
Aug 8, 2006, 05:42 PM
