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Virgin builds 500,000 Lightening homes

February 28, 2019 06.07 Europe/London By Julian Clover

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%.

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Filed Under: Cable, Finance, Newsline Edited: 28 February 2019 06:07

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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