TalkTalk Telecom Group PLC announced revenue and production results for the first quarter ended June 30, 2018. For the quarter, the company reported net adds of 80,000 against 20,000 for the same period a year ago.

For the quarter, the company reported total headline revenues of £382 million excluding carrier (£15 million) and off-net (£3 million) grew by 4.1% year-on-year during the quarter. On-net revenue of £309 million (comprising consumer, wholesale and direct B2B broadband) was up 3.7% year-on-year, driven by a larger average base, offset by moderate ARPU decline from FLPP re-contracting and the mix of Wholesale and Retail net adds.

For the fiscal year of 2019, the company expects headline EBITDA growth of 15% and improving free cash flow.