Virgin Media’s renewed build of UK cable has resulted in a significant increase in customers in the 4th quarter.
The Liberty Global operator added 481,000 premises in 2018 under its Project Lightening, taking total new build to 1.6 million. 144,000 were added in the quarter, leading to 24,000 customer additions, from 8,000 in the corresponding quarter.
As at December 31, 2018, Virgin Media has 14.7 million broadband customers, 5.9 million video and fixed-line telephony services to 5.9 million cable customers and 3.1 million mobile subscribers.
It’s latest price rise has led to a growth in ARPU of 2% to £51.71.
12-month rolling customer churn was 15.1%.
