ntl narrows losses in Q3 to £53.5m
UK cable operator ntl narrowed losses in its third quarter to £53.5m, an improvement on the £77.4m loss for the three months to the end of September 2004.
Quarterly revenues fell to £482.7m from £498.5m a year ago, dragged down by ntl's business division.
ntl, which last month ended years of speculation when it confirmed the acquisition of Telewest in a $6bn cash and shares deal, said its roll-out of video-on-demand service was on schedule and should reach 600,000 customers by the end of the year.
The number of customers taking ntl's 'triple play' of broadband internet, telephony and television services rose by 21.1% on the year. The company added 277,400 broadband customers, taking its total broadband customer base to 1.72m, "the largest of any residential broadband provider in the UK".
Links open in a new window. The DTG is not responsible for the content of other web sites.