Virgin Media has announced financial results for the final quarter of 2011 and for the full year.
Revenue was up 3% to £4 billion for the year, while annual operating income was up 67.8% to £540 million. The company revealed its first annual profit with net income of £76m for the year.
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Ofcom has just published its latest quarterly complaints data, which details the major UK telecoms providers that caused the most complaints between July and September 2011.
These are generally cases where a consumer has contacted Ofcom because they haven’t been able to resolve an issue with their network operator or supplier.
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Ofcom has published new research showing the highest-rated and lowest-rated communications providers for customer service.
It notes that overall satisfaction is higher with mobile (69%) and pay TV (68%) than it is with fixed broadband (58%) and fixed-line (61%) telephone services.
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Sir Richard Branson has been announced as one of the new investors in Square Inc, although neither party has revealed the amount of investment involved.
The mobile payment company, which launched a year ago, has supplied over 800,000 card readers to merchants and is currently processing over $2 billion in payments annually.
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Virgin Media has announced half-year and quarterly results today.
Overall, revenue is up 3.9% for the half-year and up 2.2% for the quarter; the quarterly figure is £986 million. Operating income is up 64.5% for the half-year and up 69.5% to £135 million for the quarter.
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