Virgin Media added 60,000 new subscribers to its broadband services in the last three months, boosting its internet customer base to 4.2 million.
According to the company’s third quarter results, the number of new subscribers is the most it has acquired in more than two years and more than double the amount it attracted during the same period last year.
More than 40 percent of its new broadband customers chose to receive speeds of 60Mbps or faster, while the number of customers receiving speeds of 30Mbps or faster increased by 453,000 to 1.8 million, accounting for 42 percent of its total subscribers.
The rise in the number of television, Internet and telephone subscriptions increased the average revenue per user by 1.8 percent to £48.37. However it was not all good news as mobile revenue went down by 3.1 percent to £127 million.
“This has been a quarter where continued strong demand for superfast broadband and TiVo has led to lower churn and meaningful cable customer growth,” said Neil Berkett, CEO of Virgin Media. “Combined with progress in our business division, we have again delivered solid financial progress with continued revenue and OCF growth, translating into strong Free Cash Flow and shareholder returns.”
Virgin Media subscribers will also still be able to access the London Underground Wi-Fi network from 2013, once free access ends at the end of this year.
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I think that 4G will make Virgin Media up there game in what they are offering customers perhaps its not fearing what EE are offering on 4G at launch but when the market opens up and more companys can provide unlimted mobile internet with speeds of over 40Mbs to more people then things will become very intersting.