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TalkTalk swings to profit on fibre growth

The group added 605,000 more fibre broadband customers
TalkTalk swings to profit on fibre growth

TalkTalk’s (TALK) headline adjusted cash profits climbed 9.7 per cent to £260m in FY2020, supported by its fibre broadband customer base which grew by more than a third. The group sold its Fibre Assets Business to CityFibre for £206m in March, pushing it to profit after a £5m pre-tax loss last year. More importantly, increased fibre penetration contributed to the group’s lowest ever monthly churn figure in the final quarter at 1.04 per cent, as customers had access to faster and more reliable broadband. 

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