TalkTalk has fallen into the red after absorbing the £119m ( £119m ) cost of a turnaround plan. In the year to 31 March , the company reported pre-tax losses of £ 73 m, compared with a profit of 73 the previous year , despite posting its biggest-ever quarterly net growth in new customers, up 80,000 in the year to 31 March . TalkTalk also announced the appointment of Paul Reynolds as head of a full fibre joint venture with Infracapital, alongside Paul Reynolds , formerly of BT , as its chairman.
TalkTalk has fallen into the red after absorbing the £119m ($158m) cost of a turnaround plan. In the year to 31 March, the company reported pre-tax losses of £73m, compared with a profit of £70m the previous year, despite posting its biggest-ever quarterly net growth in new customers, up 109,000 in the final quarter. TalkTalk also announced the appointment of Charles Bligh as head of a full fibre joint venture with Infracapital, alongside Paul Reynolds, formerly of BT, as its chairman.