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KCOM Trades In Line With Expectations, Signs 10,000 Lightstream Users

Tue, 30th Sep 2014 09:57

LONDON (Alliance News) - KCOM Group PLC Tuesday said it has traded in line with expectations in its first half, and has continued to see strong cash generation.

The telecommunications company said that, as part of its investment in "super-fast" fibre broadband in the city of Hull and East Yorkshire, it recently secured its 10,000th customer for its "Lightstream" service.

KCOM has continued to progress its strategy of focusing on key target markets, it said, and it will provide a further update on its fibre deployment at the time of its interim results.

KCOM noted that its "cash generative capacity" allows it to continue its progressive dividend policy whilst investing in areas to support its ambitions.

The company will release its results for the half year to end-September on November 25.

Shares in KCOM are trading up 0.3% at 96.50 pence Tuesday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews