The Carphone Warehouse has released it’s latest set of yearly results up to the end of March 2009 which show profits up to £550m which is a huge increase over the previous years of £73m.
The interesting points in the report are that the recent purchase of Tiscali UK Broadband will see the Carphone Warehouse (TalkTalk) broadband customer base rise to 4.25 million making it the largest residential broadband provider in the UK although BT are still the largest overall broadband provider with around 4.8 million subscribers. With this acquisition it is believed that once Tiscali UK is running in synergy with the TalkTalk group that there could be operational savings of between £40-£50 million per year by March 2011 due to areas such as customer migration, network integration and simplification, and billing integration.
Of the 2.8 million broadband subscriber with TalkTalk, 78% of these are on their own unbundled network and with Tiscali also operating with LLU for many of their customers it will also bring in some cost saving and more control.
The full Carphone Warehouse report can be read here.