Feeds

Virgin Media sales flat: Firm bags fewer winter sign-ups than last year

But don't worry, everything's 'strong' - according to CEO

Internet Security Threat Report 2014

Virgin Media watched subscriptions to its broadband service plummet during its final quarter, compared with the same three-month period a year earlier.

The telco, which is owned by US cable giant Liberty Global, crumbled up against strong competition from rivals BT and BSkyB.

It pulled in just over 39,000 broadband customers in its fourth quarter ended 31 December - down from 62,700 subscribers who signed up to the service in 2012.

Virgin Media reported flat annual revenue of £4.1bn to the City this morning. The company's growth in sales stood at a lean 1.9 per cent for 2013.

It reported operating income of £156.4m for the full year.

"The strength of our consumer cable business is clear, with strong financial fundamentals and improving operational momentum towards the end of the year, even with heightened competition," said Virgin Media boss Tom Mockridge.

"As part of Liberty Global, we are investing to give customers more value for money and set ourselves for further growth in the future."

Virgin Media's has a total customer base of 4.9 million for its fibre broadband, payTV and other services. ®

Remote control for virtualized desktops

More from The Register

next story
YOU are the threat: True confessions of real-life sysadmins
Who will save the systems from the men and women who save the systems from you?
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Ofcom snatches 700MHz off digital telly, hands it to mobile data providers
Hungry mobe'n'slab-waving Blighty swallows spectrum
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.