Virgin Media O2 posted steady third-quarter numbers amid a mixed quarter on customer relationships.
Adjusted EBITDA was up 2.7% to £1,015.4m as cost reductions helped offset a tough consumer fixed market. Total reported revenue came in at £2,549.3m.
Customer metrics were mixed. Fixed-line relationships fell by 29,300, an improvement on the prior quarter, while total mobile connections increased by 259,400 thanks to wholesale gains that countered B2B contract losses. CEO Lutz Schüler said the business delivered “another quarter of profitability growth” in a competitive market.
Operationally, the operator said its fibre footprint is approaching 8 million premises when nexfibre is included, with gigabit speeds now available across the full 18.7 million homes passed. Its 5G Standalone network is live in more than 500 towns and cities
VMO2 also ticked off several strategic milestones: it closed the O2 Daisy B2B merger, launched giffgaff broadband to broaden fixed-line reach, took delivery of spectrum transferred from Vodafone, picked up additional mmWave spectrum at the UK auction, and announced a Starlink Direct-to-Cell tie-up to boost rural mobile coverage (see separate story).
