Take up for the Telewest Communications' Blueyonder internet service grew 71% from the previous quar...
Take up for the Telewest Communications' Blueyonder internet service grew 71% from the previous quarter. Earnings before interest, taxes, depreciation and amortisation rose 32% from a year ago to £83m in the three months to 30 September. The news, which exceeded analysts' expectations for earnings before some costs and for sales of its faster internet service in the third quarter, led to a sharp rally in Telewest's shares which rose a record 29%. Telewest, which competes with British Sky Broadcasting and larger cable-TV rival NTL, is investing in services such as faster internet access...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes