Virgin Media’s results for the quarter ended 31st March 2012 show revenue up 2.4% to £1.0 billion and net income up to £7 million.

Mobile revenue was up 1.2% to £139 million, with contract phone revenue accounting for most of this.

Mark Bridge writes:

Mobile financial services were making the headlines yet again last week. Not once. Not twice. No, we noticed at least three separate (and all pretty big) stories to talk about.

First came Nokia’s planned withdrawal from its mobile money service, which will leave around a million people in India looking for a new mobile wallet.

London Underground and Virgin Media are planning to introduce WiFi internet access to over 80 Tube stations by the summer. By the end of the year, up to 120 stations are expected to have WiFi access.

The service will be free when it launches; it’s then expected to become a chargeable service although live TfL travel information will remain free.

This week’s podcast from The Fonecast includes European & US approval for Google’s acquisition of Motorola, job cuts as Nokia restructures its manufacturing, a new type of upgrade scheme from Phones 4u and security problems for satellite phones.

As always, you can listen to the programme on our website audio player, via iTunes, by using our RSS feed or by downloading the MP3.

Mark Bridge writes:

It’s not been a good week for Nokia staff, with 4000 of them likely to lose their jobs from factories in Finland, Hungary and Mexico. The company says it’s moving device assembly to Asia, where it’ll be closer to component manufacturers. The three scaled-down factories will remain open with a new focus on smartphone customisation.