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Kcom says fibre-based broadband deployment has been successful

Sharecast

LONDON (ShareCast) - The communications and IT services provider Kcom (LSE: KCOM.L - news) 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 (Berlin: DI6.BE - news) in Kcom were down 0.27% to 93.75p on Thursday at 12:49.