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Opal revenue driven up by broadband

Mobile News
July 30, 2010

B2B unit of TalkTalk claims success of next generation broadband network within business market bolstered quarterly revenue

Opal Telecom, the business division of TalkTalk Group, saw revenues climb 14 per cent to £87 million in the quarter to June 30, compared with the year-ago period.

It said sales of its robust and highly-specified ethernet broadband service among small and medium-sized enterprises (SMEs) had been strong.

The results were the first since Opal Telecom and parent TalkTalk were hived off from Carphone Warehouse at the end of March. Charles Dunstone (pictured) remains chairman of both groups.

The firm said revenue quarter-on-quarter was broadly flat, reflecting seasonal factors such as the Easter break.

It said: “Our data revenue growth more than off-set the expected continuing decline of legacy voice revenues, and we saw further ethernet contracts signed. Opal has an expanding pipeline of attractive new data opportunities, which will drive further revenue growth.”

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