TalkTalk to offset revenue dip with new homeworker package

Telecommunications firm TalkTalk is “positive” about its outlook for the first half of the 2021 financial year despite COVID-19 disruption.

In a trading update published today, the firm has seen its revenue drop to £358m, down from £387m last year.

However the firm has announced plans to grow its revenue in the wake of the coronavirus pandemic with the launch of a homeworker package, designed to meet the growing demand for high-speed home internet.

Tristia Harrison, chief executive of TalkTalk, commented: “As the UK’s internet usage continues to soar, our role as the UK’s only scale affordable provider of Fibre broadband has become even more important.

“Given this, we see a positive outlook to H1 and are confident in our full year plan to deliver stable to growing Headline EBITDA with strong cash conversion.

“We are also pleased to have launched our new ‘Business Grade Homeworker’ packages for consumers and businesses, as the country adapts to working from home for the long-term. It is early days, but sales are strong.”