TalkTalk Telecom Group PLC Announces Revenue and Production Results for the First Quarter Ended June 30, 2018; Provides Financial Guidance for the Fiscal Year of 2019
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.