{"id":9240,"date":"2015-05-08T07:52:42","date_gmt":"2015-05-08T06:52:42","guid":{"rendered":"http:\/\/www.ispreview.co.uk\/?p=9240"},"modified":"2015-05-08T07:58:06","modified_gmt":"2015-05-08T06:58:06","slug":"virgin-media-uk-surges-to-4-97m-broadband-subscribers-after-ireland-boost","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2015\/05\/virgin-media-uk-surges-to-4-97m-broadband-subscribers-after-ireland-boost.html","title":{"rendered":"Virgin Media UK Surges to 4.97M Broadband Subscribers After Ireland Boost"},"content":{"rendered":"<p>Cable operator <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/vm\" rel=\"nofollow\" target=\"_blank\">Virgin Media<\/a> (Liberty Global) has shot up from having a total of 4,625,800 broadband subscribers at the end of last year to 4,969,700 at the end Q1 2015, although this is predominantly due to a move that combines the operator&#8217;s UK results with that of UPC Ireland (Sky does something similar).<\/p>\n<p><!--more--><\/p>\n<p>As usual the above total reflects <strong>4,929,500<\/strong> cable broadband subscribers (EuroDOCSIS \/ DOCSIS3). On top of that we&#8217;ve added another <strong>+40,200<\/strong> to represent <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/vm\" rel=\"nofollow\" target=\"_blank\">Virgin Media<\/a>&#8217;s remaining <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/adsl\">ADSL<\/a> (Virgin.net \/ Virgin National) base, many of which have just experienced a difficult migration to <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a> (<a href=\"http:\/\/www.ispreview.co.uk\/index.php\/2015\/01\/virgin-medias-adsl-broadband-users-given-talktalk-marching-orders.html\" target=\"_blank\">here<\/a>).<\/p>\n<blockquote class=\"bq1\"><p><strong>Virgin&#8217;s UPC Ireland Position<\/strong><\/p>\n<p>&#8220;<em>The financial figures contained in this release are prepared in accordance with U.S. GAAP. During the first quarter of 2015, Liberty Global undertook various financing<\/em><em>\u00a0transactions in connection with certain internal reorganisations of its broadband and wireless communications businesses in Europe, including the intragroup transfer<\/em><em> of a controlling interest in UPC Broadband Ireland Ltd. (&#8220;UPC Ireland&#8221;) from UPC Holding B.V. (the &#8220;UPC Ireland Transfer&#8221;) to our company. We have accounted for<\/em><em> this common control transfer at carryover basis and the financial information and operating statistics presented herein have been retrospectively revised to give effect<\/em><em> to this transaction for all periods presented<\/em>.&#8221;<\/p><\/blockquote>\n<p>The combination with <strong>UPC Ireland<\/strong> also means that Virgin&#8217;s <strong>Two-Way Homes Passed<\/strong> figure (i.e. homes on those sections of Virgin&#8217;s cable network that are technologically capable of providing two-way services, including video, Internet and telephony) has jumped from 12,598,400 at the end of 2014 to 13,389,600.<\/p>\n<p>We expect the above footprint figure to increase as Virgin gets to work expanding their network to reach <strong>17 million UK premises<\/strong> (60% of the UK) by 2020 (<a href=\"http:\/\/www.ispreview.co.uk\/index.php\/2015\/02\/virgin-media-expand-uk-cable-broadband-network-17-million-premises-2020.html\" target=\"_blank\">here<\/a>). The operator similarly confirmed, &#8220;<em>We expect to focus on demand driven new build in the second half of the year, supported by marketing initiatives in select areas<\/em>.&#8221;<\/p>\n<p>Elsewhere <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/vm\" rel=\"nofollow\" target=\"_blank\">Virgin Media<\/a> reported that 36% of their 4.9 million cable Internet subscribers were taking speeds of 100Mbps or higher, which is up from 28% at the end of 2014 when only the UK was being considered.<\/p>\n<p>On the financial front, Virgin\u2019s monthly Average Revenue Per Customer Relationship (ARPCR) fell slightly from \u00a349.36 at the end of 2014 to \u00a348.73 now, while their total revenue stood at \u00a31,129.8m (up from \u00a31,115.6m at the same time last year) and operating income was \u00a397.4m. It\u2019s also worth noting that Virgin\u2019s total net third-party debt currently stands at \u00a39,651.8m and they had total capital expenditures of \u00a3153.1m.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cable operator Virgin Media (Liberty Global) has shot up from having a total of 4,625,800 broadband subscribers at the end of last year to 4,969,700 at the end Q1 2015, although this is predominantly due to a move that combines the operator&#8217;s UK results with that of UPC Ireland (Sky does something similar).<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,34,475],"class_list":["post-9240","post","type-post","status-publish","format-standard","hentry","category-uk_isp_news","tag-business","tag-statistics","tag-virgin-media"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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