Feeds

Virgin Media touts high-speed signups and TiVO

Squeezes nearly 2 extra quid a month from users in Q3

Remote control for virtualized desktops

Virgin Media claims half a million people now subscribe to its high speed 30 Mbit/s cable service, with 178,000 on the 50 Mbit/s or 100 Mbit/s plans. The company clawed back 6,300 broadband punters in the third quarter of 2011.

The company made a pre-tax loss of £74m in the quarter, compared to a £10m profit a year ago, but revenue continues to climb north, up 2.2 per cent to £1bn for the period. For the nine months of 2011, VM recorded revenue of £2.96bn.

VM's cable subscribers spent more: ARPU (average revenue per user) rose 3.8 per cent to £47.86 per account. Rival BSkyB also has a similar strategy of getting more from its existing subscribers – boasting ARPU of £535 (£44.58 per month) in results announced two weeks ago.

After pocketing £348m cash from the sale of UKTV, Virgin Media said it will spend £248m on share buybacks.

In a statement, the company took a swipe at slowlane DSL rivals:

Recent guidance from the Committees of Advertising Practice ('CAP') should bring greater clarity to consumers on speed claims in broadband marketing. Whilst the CAP ruling stipulates that 10 per cent or more of customers need to receive an advertised speed, Virgin Media is committed to leading the industry and only advertises speeds that at least 90 per cent of our customers actually receive. By contrast, DSL competitors will have to change the way they advertise their broadband services, and we think this will further differentiate our services and highlight the quality of our broadband to consumers.

More than half of new Virgin Media cable signups opt for a 30 Mbit/s package, or one faster, the company said.

The company said it has 222,000 TiVo subscribers as of yesterday. Virgin Media started promoting the time-shifting box in earnest over the summer. It is also going to create a fondleslab app for couch potatoes. ®

Remote control for virtualized desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
NATO declares WAR on Google Glass, mounts attack alongside MPAA
Yes, the National Association of Theater Owners is quite upset
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.