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
- Head of CSOC (Cyber Security Operations Centre), London. Greenfield opportunity
CH7928 Identifier Project Head of CSOC (Cyber Security Operations Centre), London. Greenfield UNIQUE opportunity to establish, manage and grow a world class CSOC. Headquartered in the UK, the CSOC will grow and deliver cyber services into an international and underdeveloped market. As a greenfield site the Head of CSOC will be the first person on the ground to build a capability and team around them. The role will include, but not be limited to; Setting up and establishing a CSOC monitoring service using IBM QRadar and Palo Alto CORTEX XSOAR. Develop roadmap for future CSOC capabilities. Establish, develop processes, playbooks and use cases. Recruit, Build and train a specialist team. Build relationships with key clients- onboard and scale. The successful candidate must have experience working within / leading a technical Cyber Security monitoring capability. Technical experience working with IBM QRadar and Palo Alto CORTEX XSOAR will be highly beneficial, although other SIEM / Security Orchestration, Automation and Response tools are welcome as the skillset is transferable. This brings significant opportunity and welcomes creativity / best practice. Frequent travel to London office will be required. Chris.email@example.com 07884666351
- Aruba Data Centre Network Engineer
- Upto £500 a day
**Outside of IR35 contract** Aruba Data Centre Network engineer is required to start ASAP. You will be responsible for Data Center and Campus Network - Design and implementation of Aruba CX Switches, We are looking for an experienced data centre engineer who is happy to work remotely and autonomously Experience you will need to have, Solid Networking experience with good knowledge of -Routing & Switching - MP-BGP EVPN VXLAN, MPLS/VPLS, EIGRP, BGP, OSPF and Multicast, Experience with Aruba switches ideally the CX range Ideally SC cleared or able to become SC Cleared. This will be a 3 month rolling contract
- Network Engineer-
- 65000 plus bonus
An exciting opportunity has arisen with a global financal business that are looking for an experienced Network engineer with strong Firewall experience in particular Checkpoint You will be responsible for help to support and manage the network infrastructure both LAN/ WAN And VPNs and will have a focus on network secuirty (Checkpoint firewall and Security controls) This is a multi-Site environment with few thousand end users, As the business is growing so is the network so great opportunity to join an expanding business that will help cross-train you in both cloud and onsite solutions. They are looking for a strong network engineer with a mix of expereience o Experience with Azure networking managing VNETs, ExpressRoute, VPNs and other Azure network features such as NSG/MS loadbalancer is required. Working with Check Point firewalls in Azure is desirable. o In-Depth understanding of networking fundamentals including: Network topology, Data Centre Infrastructure systems, Layer 2/Layer 3 Switching, VLANs, Routing, VPNs, High availability protocols. o Demonstrable hands-on experience with Meraki Switches and wireless infrastructure, Arista software, Forcepoint Proxy (would be a strongly desirable), Citrix Netscaler, and Forescout CounterACT Location can be flexible, they are looking for someone who would be happy to do a hybrid working model 3 days at home 2 days in the office.
- Technical Cyber Trainer, United Kingdom
Technical Cyber Trainer, United Kingdom Cyber trainer needed to build a new cyber training capability to develop a team of international security analysts. Technical Cyber training experience is a MUST. Any experience delivering technical Blue team based training is highly desired. This is a UK based role. Able to travel to London on occasion- when required. Agile, flexible working. A technical background is highly desirable and prefered. The role Aid in the setup, fine tuning and on-going customisation of Technical Cyber Security’s training platform. CyberBit experience desirable. Design, develop and deliver the internal syllabus to train employees with low cybersecurity knowledge to become analysts. Manage, monitor, support and assess learners. Fine tuning training and bespoke development. Manage, monitor and assess SOC analysts. Support employees through their career. The ability to deliver remote training is essential. This is a UK based role. Able to travel to London on occasion- when required. Agile working. Apply today to find out more information. Chris.Holt@dclsearch.com +447884666351