Trading Update for the three months to 30 June 2007

[NewsreadeR]

Sky have today released their Trading Update for the three months to 30 June 2007.

Sky now have over 700k of Broadband Customers, considering that this time last year, Sky BB was only just beginning, the growth rate is outstanding.

The other outstanding growth area is Sky HD, adding 48k of customers within the last quarter.

Key operating metrics for the three months to 30 June 2007 (“fourth quarter”):1


• Record new customer additions of 349,000, up 20% year-on-year
• DTH churn for the quarter (annualised) of 12.1%, underlying churn of c.10.8%
• Net customer additions of 90,000, up 17% year-on-year to 8.582 million
• Sky+ households increase by 207,000 to 2.374 million, 28% of the base
• Multiroom households increase by 46,000 to 1.343 million
• HD subscribers increase by 48,000 to 292,000
• Sky Broadband customers increase by 259,000 to 716,000
• Sky Talk customers reach 526,000, another record quarter of growth
• 1,150 exchanges now unbundled, 70% coverage of UK households achieved six months ahead of plan
• ARPU up £21 year-on-year to £412

Presentation Highlights:

• Significant transformation of the business has led to reinvigorated growth and record demand for our products
• Established as one of the leading providers of residential broadband and telephony in the UK in under 12-months, growing and taking share from existing incumbents

[edwardw]

Excelent news i say

[Simon]

The Skys the limit it would seem..pardon the pun.

[aspect]

....1,150 exchanges now unbundled, 70% coverage of UK households achieved ....

AAMOI how many exchanges are there in all? How long do we reckon the reest of the roll out will take, and can it assumed that some exchanges will never be Sky enabled. I live ib the 01425 area that covers varoius exchanges in and around the New Forest and might well come over but not for £17 Connect, so wondering should I ever start holding my breath.

[SimpleRules]

5591! According to SamKnows.com

Not sure how many they serve on average though, I imagine Scotland will be waiting a long time for most of theirs - they don't even have 100% ADSL coverage yet

[dundeepeh]

May look good on paper, but how many will say with sky and how many have already left. I am one, who has left thats for sure. i would give them 0/10