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TalkTalk follow suit on Phorm
Wednesday 08 July 2009 11:08:27 by John Hunt

TalkTalk, the largest consumer broadband provider in the UK (now official following the completion of its acquisition of Tiscali on Monday), have announced they too will now no longer be pursuing the Phorm technology.

"We were only going to do it if BT did it and if the whole industry was doing it. We were not interested enough to do it on our own."

Charles Dunstone (CEO), Carphone Warehouse

The effect of both this and the BT announcement have driven down the share price of Phorm from 475p to 233p at yesterday's close. It is as yet unknown whether Virgin Media will continue to pursue the technology or if Phorm has lost the UK market.

Comments

Posted by whatever2 over 5 years ago
well it's bounced off 190p this morning, and is struggling to keep it's mouth about £2...

perhaps this will teach some IT investors that just because they have appointments of dubious integrity on their board, an unpopular idea won't sell, no matter how much pro PR you buy.
Posted by _TRIaXOR_ over 5 years ago
All we need now is Virgin to dump em and they will be up s**t creek.
Posted by keith_thfc over 5 years ago
"We were only going to do it if BT did it and if the whole industry was doing it. We were not interested enough to do it on our own."

Charles Dunstone (CEO), Carphone Warehouse

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What a cowardly sheep Charles Dunstone has shown himself to be. At least Michael O'leary of Ryanair has the guts to shaft customers without needing to wait for competitors to do so first.

Posted by pcoventry76 over 5 years ago
it's all a good thing and in my eyes no one has been shafted.
Posted by Dawn_Falcon over 5 years ago
Cowardly? Honest, more like.

O'Leary is an idiot, and his bookings will fall like a stone. You did hear about the directive on hidden costs which he'll now have to comply with, right?
Posted by timmay over 5 years ago
Good riddance Phorm!
Posted by RepairExpert over 5 years ago
Eagerly awaits announcement by VirginMedia; don't think they would introduce Phorm as they would probably end up loosing too many subscribers, if they dare go it alone. Phorm RIP; hopefully.
Posted by chrysalis over 5 years ago
yeah that was poor speaking from Dunstone, he cant think for himself? just copying what BT do.
I think the uk market was the only market for phorm? no other country seems to be attempting anything like this.
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