Stay-at-home Brits give Virgin Media a sales boost
Business Digest: Revenue for third quarter up 6.4 per cent - even before superfast broadband launch
Virgin Media increased its revenue by 6.4 per cent year on year to £978m in the last quarter. It added 14,100 new customers, taking its total subscriber base to 4.78m.
The company business covers mobile phones, landlines, broadband and cable TV. 'Triple-play' customers, those taking three products from Virgin, grew to 62.7 per cent of the subscriber base. 'Quad-play' clients were up to 11.5 per cent.
The figures for July to September were announced on the same day that pre-registration began for Virgin's superfast 100Mb broadband service, which it will start rolling out in December.
Virgin claims the new service will allow a music album to be downloaded in five seconds and a television show in 30 seconds. London, the south-east and Yorkshire will be the first regions to receive coverage.
Read a full report at the Guardian.