The Carphone Warehouse Group has reported an increase in the number of people who have signed up to its telecoms subscriptions by 16 per cent year-on year. The company also said it had increased mobile connections by 12 per cent to 2.7 million.
Carphone Warehouse said that mobile subscription connections were up nine per cent to 1.1 million and that it had 109,000 broadband net adds, taking its base to over 2.7 million.
The company also reported higher net debt due to increased investment in capex and SAC and also because of adverse currency movements since the end of 2007.
Carphone Warehouse said it expected its pre-tax profit to be £215-220 million before write-off on disposal of its Swiss retail business.
Charles Dunstone, chief executive officer of the company, said, Our performance over the last three months has been good in a slower consumer environment. In our Distribution business, continuing network competition and growing demand for mobile broadband have been key drivers. In Fixed Line, we have made further good progress on customer recruitment and continued migration to our own network, and we now have only 8,000 loss-making free broadband customers left to migrate.