Shares in telecoms group TalkTalk (LON:TALK) shot up on Tuesday morning, after posting a significant rise in first quarter revenue and the addition of more customers.
Revenue rose 4.3 percent in the first three months of the financial year, and added around 80,000 more broadband customers to bring its total up to 4.2 million.
TalkTalk saw an increase of 2-3 percent in net average revenue per user (ARPU) on FLPP customers coming out of contract, which the group expects to see stabilise in the first half of the year.
‘We are pleased to have delivered strong customer and Headline revenue growth in the first quarter and we remain firmly on track to deliver at least 150,000 net adds this financial year,’ chief executive Tristia Harrison said.
TalkTalk confirmed its previous Ebitda guidance of 15 percent.
Shares in TalkTalk are currently trading up 7.22 percent at 117.83 (0944GMT).
