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
- Security Monitoring and Vulnerability Analyst, End User. PCI Level 1 Service Provider.
CH7843 Security Monitoring and Vulnerability Analyst, End User. Level 1 Service Provider. £50,000 London Security Monitoring and Vulnerability Analyst needed to join an Level 1 Service Provider. The Security Analyst will be responsible monitoring, configuring, fine tuning and generally improving the security tool capability. Specific experience with Tripwire Log Center and Tripwire Enterprise is highly desirable. Other security tools experience should include the managing and monitoring of firewalls, Anti Phishing, AV, vulnerability management, IAM etc. Current experience with Vulnerability management and penetration testing is highly desirable. Specifically the ability to effectively manage 3rd party pen tests. Hands on penetration testing is a very nice to have. You will be working within a specialist security team reporting to the CISO. Experience working within an end user environment within financial services is highly desirable. Flexible location. This is an exclusive role to DCL Search & Selection. https://calendly.com/chris-holt/arranged-call-with-chris-holt-soc-role-clone
- Internal Security Auditor, Level 1 Service Provider (ISO27001)
- Upto 65,000 plus benefits
Internal Security Auditor ISO 27001, PCI, needed to join a Cyber team within this expanding Fintech business. The Internal Security Auditor will have end to end responsibility for planning, delivering, remediating any findings etc. Experience working within financial services is highly desirable. This Is a great time to join a newly formed and growing Cyber team within a rapidly expanding fintech, that is taking a major share of its market. We are looking for someone with experience, (but not to be limited to) a mix of Information Security standards, frameworks, audit principles, controls / policies and the management and use of the technical tooling etc. ISO 22301, ISO 27001, NIST Cybersecurity Framework etc An ideal candidate will be working within an end user environment with a cyber consultancy background. Experience taking a company through accreditation is highly desirable Experience managing internal stakeholders, technical teams and external third parties essential Flexible working, but with the ability to get into London. This is an exclusive role to DCL Search & Selection.
- DevOps Engineer with IdAM
- Upto £80,000 plus benefits
We are ooking for an DevOps engineer, idealy with IdAM (identity access Management) experience, this is a senior role for someone that can be the lead hands on person on a project. Your role will be to work on the deployment project implementing the solution into the exsiting application so will be used to connect an applications into mulipe 3rd party appliactions. We Would look at someone who has done DevOps with Security and can cross train into IdaM, but preference would be given to someone with the IdAM experience this is a great opportunity to join a consultancy that work on some truely amazing and differnet solutions
- Senior SOC Analyst. Level 3 Palo Alto Wildfire, Rapid 7, Fortify, Splunk.
REF CH7840 Senior SOC analyst (Palo Alto Wildfire, Rapid 7, Fortify AND Splunk) Flexible location £55,000 + Senior SOC analyst needed (Level 3) that can achieve SC clearance for a permanent role. We are looking for Level 3 SOC Analysts with two or more of the following; Palo Alto Networks Wildfire (#malware) Rapid7 Nexpose Micro Focus Fortify (#automated #applicationsecurity) AND ideally Splunk. The role will include, but not be limited to; managing and handling incidents end to end, supporting and mentoring level 1 / level 2 staff, supporting the SOC manager in the delivery of the SOC roadmap, engaging with the client stakeholders (other technical teams) as and where needed, use case development, advanced search and reporting etc. Flexible location, commutable in the future to London or Birmingham This role will sit within a public sector client so the individual must be able to achieve SC clearance. To arrange a call with Chris Holt use this calendy link https://calendly.com/chris-holt/arranged-call-with-chris-holt-remote-soc-role Chris.Holt@dclsearch.com 07884666351