UK cable-services and broadband provider Telewest today announced a turnover of £1,347 million for a net loss of £506 million.
Telewest confirmed it now has 297,000 blueyonder broadband Internet customers, 31,000 of whom use the 1Mbps service. The company also launched a self-installation broadband pack, using its digital TV set-top boxes for just £12.50.
The company is currently testing a 2Mbps service, which it will launch later this year.
Telewest director of Internet services Chad Raube said: "We launched the first mass-market, consumer broadband service in the UK nearly three years ago and focusing on quality, value and innovation has helped us attract nearly 300,000 high-speed customers since.
"Around eight out of ten customers, who have a choice between blueyonder and BT's ADSL services are sill choosing cable."
Telewest managing director Charles Burdick said: "We continue our focused strategy designed to accelerate cash generation, future profitability and provide a platform for growth. These results demonstrate the progress we have made. Costs (before redundancy payments) and capital expenditure are significantly down and revenues are up."