ntl, the UK's biggest cable operator has unveiled improved financial results for Q1. The company posted revenues of £639 million for Q1, up from £614 million at the same point last year. ntl believes that its improved performance is down to the increase in popularity of its digital cable and broadband services. The company is currently involved in recapitalization although analysts believe that these results reinforce the theory that the company's business still remains operationally sound.
For Q1 ntl:home reported a rise in revenues, up from £318 million for Q1 last year, to £340 million this year. ntl:business saw a 10% growth in revenues despite being badly affected by the company’s recapitalization program. ntl:broadcast announced a 4% increase in revenues, while ntl’s TV programming unit also saw revenues increase by 40% to £7 million.
