Virgin Media gets subscriber boost
Virgin Media has clocked up a gain in overall customer numbers for its fourth quarter.
The company, which has struggled to control heavy customer churn rates for some time, clocked up 24,400 new customers overall across its services once customer churn had been taken into account.
The company saw broadband subscriber net additions grow by 15.6% to 111,200 from 96,100, which it claims indicates that its focus on broadband services is paying off.
However, the company still clocked up an operating loss of £18 million.
“Our fourth quarter results represent our best operational performance since the cable merger in early 2006,” says Neil Berkett, Virgin Media’s active chief executive. “We are achieving good results from our stated strategy of exploiting our network capability to drive broadband growth and deliver on-demand content, as well as focusing on reducing churn.”
The company is continuing its dispute with BSkyB over Sky’s stake in terrestrial broadcaster ITV.