UK's Telewest Posts Strong Q1 Results

16 May 2005

UK cable operator Telewest posted a profit of £1 million ($1.86m; €1.46m) in the first quarter of 2005, spectacularly reversing the loss of £14m in Q4 of last year.

The US-owned cable firm, Britain's second biggest, saw its customer base rise year-on-year by 23,000 to 1.82m, and revenues grow 3% to £338m ($630.37m; €496.12) versus last year's comparable quarter.

TV subscribers now number 1.23m; broadband customers have risen to 786,700; while the number of 'triple-play' customers - those who take TV, broadband and telephony services - has grown to 552,300, or 30.3% of all subscribers.

The company is also planning to roll out its video-on-demand service early next year and to launch a personal video recorder [WAMN: 20-Jan-05].

Telewest and its nominal rival, NTL, are widely expected to merge sooner rather than later in a bid to take on the might of Rupert Murdoch's TV company BSkyB and telecoms giant BT.

Data sourced from; additional content by WARC staff