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Strong growth, low churn for Virgin Media

May 8, 2015 11.13 Europe/London By Chris Dziadul

Virgin Media officesVirgin Media and UPC Ireland saw a combined subscriber increase of 115,000 to their next generation connected TV services TiVo and Horizon respectively in the first quarter.

As of the end of March, two thirds (67%), or 2.8 million, of their combined TV customer base were receiving the services.

While Virgin Media has 23,000 ARPU additions in Q1, UPC Ireland had a loss of 9,000, in part due to increased competition.

Total revenues of the combined Virgin Media/UPC Ireland operations stood at £1,129.8 million (€1,345.4 million) in Q1, up 2.5% on the same period last year.

Combined churn was 14.5%, thanks largely to a third successive quarter of record low UK churn (14.3%), compared to 15.4% in Q1 2014.

The company notes that following the announcement of Project Lightning in February, it has seen “an encouraging level of early interest from potential customers and businesses in areas not covered by our cable network.

“We expect to focus on demand driven new build in the second half of the year, supported by marketing initiatives in select areas”.

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Filed Under: Editor's Choice, Newsline Tagged With: Ireland, UK, UPC Ireland, Virgin Media Edited: 11 May 2015 11:34

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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