TalkTalk to move headquarters and take on BT's Openreach with new fibre company
Talktalk Telecom Group PLC said it would relocate its headquarters from London to Salford next year and accelerate its fibre broadband rollout as it reported a 0.6% dip in first-half revenue.
Hundreds of roles will be relocated to Salford, where its business and technology teams are already based, while the firm will start hiring for new posts at the site next year.
The telecoms firm said the move out of London was part of its strategy to simplify its operations. The Salford site is its only site in the North West of England after replacing offices in Warrington and Irlam.
“Having a single main home will reduce operational complexity and allow us to become a more efficient, focused business, in turn supporting our long-term growth,” said chief executive Tristia Harrison.
First half revenues dip
Alongside the announcement, the company reported statutory revenue of £822mln for the first six months of the year, down from £827mln last year, mainly due to the decision to close its mobile virtual network operations last year.
Headline revenue, excluding carrier and off-net, grew by 3.9% to £771mln as the broadband customer base grew by 104,000 and the group saw increased take-up of fibre, mitigating a continued decline in average revenue per user (APRU) for fixed priced plans and a drop in voice usage.
Headline earnings (EBITDA) rose 34.7% to £101mln on higher revenue and lower costs.
TalkTalk said its churn rate – the number of customers leave – was at the lowest-ever level in the second quarter at 1.1%, compared to 1.2% last year.
For the year, the company said it was on track to achieve headline EBITDA in line with expectations, headline revenue growth with stabilising group ARPU and ongoing consumer ARPU growth, along with more than 150,000 broadband net adds. However, its profit and loss statement and cash will be lower year-on-year.
“We remain on track to deliver our plan for the year, with growing consumer ARPU and increasing revenue leading to strong EBITDA growth,” Harrison said.
TalkTalk sets up new fibre company
In a separate statement, the company said it would accelerate its fibre broadband roll-out by setting up a new company called FibreNation.
FibreNation plans to bring full fibre broadband to three million homes and businesses. Fibre is faster and more reliable than the UK’s old broadband infrastructure of copper lines.
The new business will compete with BT Group PLC’s Openreach network, which plans to bring fibre to 10 million premises by 2025.
TalkTalk said it is discussions with potential partners – including Infracapital, the infrastructure equity investment arm of M&G Prudential –to develop a long-term capital structure for FibreNation.
The company said it will not be progressing on the basis of the heads of terms agreed with Infracapital earlier this year to create an independent company. Under the terms, announced in February, Infracapital was to provide 80% of the funding to create the new company, while TalkTalk would foot the bill for the rest.
Industry: Telecommunications News
- CIAM Architect Azure B2C
We are seeking a highly skilled and experienced Azure B2C CIAM Architect for a contract starting on Jan 2024. As an Azure B2C CIAM Architect, you will be responsible for designing, implementing, and deploying an new Azure B2C Solution . Responsibilities: Design and implement an Azure B2C-based CIAM solution that meets the needs of our clients organization. Maintain and support the Azure B2C-based CIAM solution. Provide training and support to our employees on the use of the CIAM solution. Background designing, implementing, and maintaining CIAM solutions. Experience with cloud-based identity and access management (IAM) solutions. Experience with OAuth, OpenID Connect,and SAML. Excellent written and verbal communication skills
- Senior IAM Consultant
- Upto €110,000 depending on level of position
Senior IAM Consultant is needed to help lead and deploy IAM Projects for this expand IAM Consultancy The ideal candidate will have a deep understanding of IAM concepts and technologies, as well as experience in deploying and managing complex IAM solutions. Responsibilities Lead the deployment of IAM solutions for our clients Work with clients to understand their IAM requirements and design solutions that meet their needs Configure and implement IAM solutions using best practices Integrate IAM solutions with other enterprise systems Provide training and support to clients on the use of IAM solutions Stay up-to-date on the latest IAM technologies and trends We are looking for an experieneced IAM Consutlatn with: Strong understanding of IAM concepts and technologies,including identity lifecycle management,access control,and authentication Experience in deploying and managing complex IAM solutions Experience with IAM products and solutions,such as SailPoint,One Identity Manager,and Azure Active Directory Excellent communication and interpersonal skills Ability to work independently and as part of a team Fluent in German Candidates witll need to live and have the right to work within Germany to be considered.
- Security Architect - SOC Design - Outside IR35 London. SC / DV cleared
- Outside IR35
Security Architect - With in-depth SOC Design experience needed for Outside IR35 London. SC / DV cleared. 6 month rolling Immediate Experience delivering technical Security Architecture design / assurance of security design with mobile network experience. HLD / LLD Current SC Clearance a must. Willingness to undertake DV. London 3 days a week Immediately interviewing.
- Cyber Security Risk Consultant. UK. Hybrid. Home | Work balance
- United Kingdom
Cyber Security Consultancy - done the right way. Seeking a passionate Cyber Security Risk Consultant who enjoys helping clients make a different to their business. Warning- if you want a large, slow moving, high politics, high travel security consultancy that demands their a pound of flesh this is NOT for you. A successful individual will have experience working with clients to identify business cyber security risk. This is a remote first opportunity which means you will spend the majority of your time working remotely. You will however spend some time meeting clients as well as meeting up with the team on a monthly basis.. Some of the nice to have certifications. CRISC, ISO27001 Lead implementer, CISA, CISM, CISSP Along with dedicated training budgets, unlimited holiday and a structured career path, this opportunity will give a much needed work life balance. Unable to offer Visa sponsorship now or in the future. Apply and book a call in my diary with the below