Feeds

Growth slows as Virgin Mobile 'thrives'

MVNO ARPU down too

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

Virgin Mobile - the mobile virtual network operator (MVNO) which is the UK's fifth largest mobile outfit - reported today that it "continues to grow strongly and thrive", according to a stock exchange statement.

The number of active punters grew 21 per cent over the last year from 3.4m in June 2004 to 4.1m at the end of last month.

Virgin Mobile (which is predominantly a pre-pay business but earlier this year unveiled a contract service) also reported that it attracted 77,000 new punters in the three months to the end of June - half the number it attracted during the same period last year.

Likewise, the amount of cash it received from each punter (ARPU) is also down, falling from £142 in June 2004 to £123 at the end of last month.

"This change primarily reflects the impact of the Ofcom interconnect rate cuts [call charges between operators] in September 2004," explained Virgin Mobile in a statement.

Still, none of this appears to have dampened the enthusiasm of Virgin Mobile chief exec Tom Alexander.

"These results demonstrate that Virgin Mobile continues to grow strongly and thrive in a competitive market. We are looking forward to the rest of the financial year - a period of continuing strong customer expansion and superior revenue growth."

By late morning shares in Virgin Mobile were up 3p at 249p. ®

Related stories

Apple to muscle in on MVNO market?
easyMobile wins 'bad faith' domain case against Carphone
Bright future for Europe's MVNOs
No-frills MVNOs to steal market share
Ofcom 'fails to support consumers' over mobile charges
Virgin trials mobile TV
Virgin Mobile ups profit

Protecting users from Firesheep and other Sidejacking attacks with SSL

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Turnbull: NBN won't turn your town into Silicon Valley
'People have been brainwashed to believe that their world will be changed forever if they get FTTP'
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
ISPs' post-net-neutrality world is built on 'bribes' says Tim Berners-Lee
Father of the worldwide web is extremely peeved over pay-per-packet-type plans
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.