Virgin Media Hits 3.46m Broadband Customers
Posted: 08th Aug, 2007 By: MarkJ
Virgin Media has issued its latest Q2-2007 results today, which reports that the operator managed to add just 51,000 (on/off net) new broadband customers during the quarter, raising the total ever so slightly from 3,416,900 (Q1) to 3,467,100 (Q2).
The slow growth has been at least partly attributed to off-setting customer loses as a result of Sky removing its basic TV channels from the platform:
The slow growth has been at least partly attributed to off-setting customer loses as a result of Sky removing its basic TV channels from the platform:
On-net [Cable] broadband net additions in the quarter were 45,800, down from 87,900 in the previous quarter. Growth in the quarter was negatively affected by increased churn relating to the loss of the Sky basic channels. As stated above, we expect the churn impact from this issue to be largely contained within the second quarter. At the quarter-end, we had 275,200 off-net [ADSL etc.] broadband subscribers, with growth of 4,700 in the quarter.
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