Opal sales flat as voice revenues decline

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Opal sales flat as voice revenues decline

Alex Scroxton

Sales at business-to-business comms provider Opal remained flat year-on-year during the second quarter as declining sales of voice products were offset by growth in data products and services, parent TalkTalk said today.

As part of its first half results announcement - its first since splitting from the Carphone Warehouse in March - TalkTalk revealed that Opal made sales of approximately £82m in Q2.

As a whole, TalkTalk made Q2 sales of £443m, down 1.3% year-on-year, as non-broadband revenues crashed by 33%, with much of the decline due to the disposal of its Irish and Belgian businesses.

TalkTalk headline first half EBITDA as a whole hit £121m, while profit after tax was up to £50m from £47m this time last year. Sales grew 12.4% over the year ago period to £887m.

The group said it migrated and upsold 250,000 customers onto its fully unbundled network during the first half, and now has around 4.25m brodadband subscribers. It plans to roll out its network to 700 more exchanges on top of the 2,003 it has already unbundled, and hopes to ultimately achieve over 90% coverage of the UK population.

Chief executive Dido Harding said: "TalkTalk now has by far the UK's largest next generation network and an innovative and growing brand. It has achieved this by entrepreneurial initiative, organic growth and acquisition."

She added: "Now TalkTalk is able to start fully realising the potential of this scale for the benefit of shareholders ans well as customers. Accordingly we have developed our strategy to do just this."


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