TalkTalk Telecom Group PLC reported revenue results for the first quarter ended June 30, 2017. For the quarter, the group revenues (excluding Carrier) declined by 3.2% year-on-year. Strong growth in Corporate and Wholesale broadband Revenue was offset by a decline in Consumer revenues resulting from the smaller average on-net base and the dilutive effect of re-contracting activity.  These effects are expected to moderate as the base grows.

For the fiscal year 2018, the company guidance remains unchanged, with base and revenues expected to grow year on year, improving free cash flow, and EBITDA of £270 million to £300 million.