News Articles

Wednesday, October 24, 2012

Virgin Media announces quarterly results

Virgin Media has announced results for the third quarter of its financial year, with revenue up 2.8% to £1.028 billion for the quarter and net income rising to £124 million for the quarter.

Mobile revenue was down 3.1% year-on-year to £136.8 million for Q3 2012, with the change to mobile termination rates taking most of the blame. Prepay revenue fell while ‘pay monthly’ contract revenue increased. The total ‘contract’ customer base of mobile phone customers was up 18% year-on-year to 1.7 million while prepay numbers were down.

Neil Berkett, Chief Executive Officer of Virgin Media, said “This has been a quarter where continued strong demand for superfast broadband and TiVo has led to lower churn and meaningful cable customer growth. 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.”

[Results presentation (pdf)]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Networks and operators, NewsNumber of views: 4606

Tags: uk Virgin

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement