TalkTalk gains despite falls

City A.M. Reporter
TELECOMS operator TalkTalk said yesterday it expected to reverse a decline in revenue growth in this financial year as it expands its product range and adds more customers onto its own network.

Although the company said first-half revenue slipped two per cent to £828m and its broadband customer base fell slightly in the second quarter to 4m, it gained customers on its more profitable fully unbundled network – which the company runs itself rather than using BT equipment.

The company has recently launched a pay-TV offering using the new YouView box.

Shares rose almost 10 per cent.