Feeds

Virgin Media boasts more subscribers and more losses

Revenues up but so is interest

Top 5 reasons to deploy VMware with Tegile

More households than ever before switched to Virgin Media in the last quarter, as the company reaped the benefits of network upgrades.

A net 38,300 new households joined the cable network in the first three months of the year, beating every quarter since Virgin Media was formed four years ago.

A net total of 72,300 customers bought cable broadband, up 53 per cent on the same period a year ago. In the last year Virgin Media has completed its DOCSIS 3.0 upgrade, with its network now offering downstream speeds of up to 50Mbit/s nationally, and in local trials at 200Mbit/s.

"We are developing our services to exploit our natural network advantage, both now and in the future," said chief executive Neil Berkett.

"More customers than ever before are choosing faster broadband."

Despite the strong customer performance, the firm still registered wider pre-tax losses of £160m, up from £154m a year ago. Revenues were up 2.9 per cent to £963m, but interest payments on debts of £6.1bn acquired during the rollout of the cable network wiped out that growth. ®

Internet Security Threat Report 2014

More from The Register

next story
You! AT&T! The only thing 'unlimited' about you is your CHEEK, growl feds
Man, we did everything but knock on their doors - carrier
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
EE launches 150Mbps '4G+' in the heart of London
LTE-A – Faster phones for Hoxton Hipsters
Watch out, Samsung and Apple: Xiaomi's No 3 in smartphones now
From obscurity to selling 19 million mobes a quarter
Brazil greenlights $200m internet cable to Europe in bid to outfox NSA
Only one problem: it won't make the slightest difference. And they know it
Wanna hop carriers with your iPad's Apple SIM? AVOID AT&T
Unless you want your network-swapping tech disabled for good, that is
Knocking Knox: Samsung DENIES vuln claims, says mysterious blogger is a JOKER
But YES, system does store encryption key on the device
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.