Neil Berkett, CEO of Virgin Media, said:

"Our next generation consumer services, in broadband and video on demand, are unrivalled in speed and quality of service. There is now a significant opportunity to leverage the full power of our fibre optic network in the business telecoms market. Virgin Media Business will take our strong customer-centric approach to a growing and under-served market in which there is a need for a compelling and distinctive alternative to BT."

Mark Heraghty, MD of Virgin Media Business, said:

"We have big ambitions for Virgin Media Business. Delivering fabulous fundamentals - great service, good quality and value for money - is at the heart of our strategy. Over the last three years we’ve invested heavily to put the building blocks in place, which means we’re more than fit to wear the Virgin badge.

In the last 12 months in particular, we’ve started to reap the rewards of that focussed investment. Projects such as working with the Hampshire and Isle of Wight Partnership (HIOW) to deliver a cutting-edge £90 million network that will transform public services in the region are testament to our ability to drive and underpin radical growth.

Our customers’ success is ours and, as Virgin Media Business, we’re committed to investing in the things that are important to our customers."