TalkTalk TalkTalk outlines how it intends to step up investment in growth
UK telecomms company TalkTalk plans to capitalise on the strong demand for its fixed, low-price plans and step up its investment in growth during the second half of the fiscal year, according to CEO Tristia Harrison. Her comments came after the company posted a loss of £75m ($99m) for H1 to September and took a £31m restructuring hit. The company's shares fell 17% to 178¼p.

TalkTalk will 'step up investment' in the second half after adding 46,000 customers

The FTSE 250 telecoms company said it would step up investment in the second half after adding 46,000 customers in the six months to September 30, compared with a loss of 29,000 last time.

It had already prioritised growth over earnings in a shake-up spearheaded by founder and chairman Sir Charles Dunstone earlier this year which saw Dido Harding replaced as chief executive by Tristia Harrison.

Its broadband base grew for the third straight quarter as the number of customers on fixed low-price plans reached 1.6 million, more than half of its overall customer base and up from one million in March.

The rate at which customers leave for rivals, the so-called customer churn, was reduced from 1.5 per cent to 1.3 per cent.