Kcom says fibre-based broadband deployment has been successful

26th Mar 2015 12:37

The communications and IT services provider Kcom said on Thursday its trading is in line with market expectations.In a trading update, the group said the deployment of fibre-based broadband services in Hull and East Yorkshire had been successful.The deployment achieved a take-up of 30%, leading the group to accelerate its speed to a further 60,000 homes over the next two years, with a total of 100,000 homes expected by March 2017.FinnCap analysts gave a 'corporate' recommendation and a price target of 24p.Shares in Kcom were down 0.27% to 93.75p on Thursday at 12:49.