Talk Talk About a Dip in Profits ; Telecoms

Summary


Carphone Warehouse yesterday reported a 9.5 per cent fall in annual profits after it counted the cost of its troubled launch of free broadband.

Pre-tax profits for the year to March 31 slipped to pounds 123.1 million, reflecting pounds 60 million of start-up losses at Talk Talk broadband as demand for the offer created a customer services nightmare at the firm.

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Extract


Talk Talk About a Dip in Profits ; Telecoms

The results were further hampered by losses linked to the start of its Virgin Mobile joint venture in France.

The group was deluged with complaints following "unprecedente...

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