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TalkTalk, buoyed by strong fibre demand, reiterates outlook

Reuters
A woman speaks on her phone as she passes a branded logo outside the Talktalk headquarters in London

LONDON (Reuters) - British broadband provider TalkTalk said it had added 118,000 new customers to its fibre product in the three months to end June, helping it to reiterate its full-year earnings target.

TalkTalk, which competes with BT, Sky and Virgin Media, said 70% of new consumer customers took fibre in the first quarter, helping to also lift the average revenue it gets from each user.

"Our full-year 2020 guidance of strong EBITDA (core earnings) growth remains unchanged, underpinned by accelerated fibre penetration and our cost reduction plans," it said.

(Reporting by Kate Holton; editing by James Davey)