Virgin Media describes 2010 as “best ever” year
Telecommunications provider Virgin Media has described 2010 as its “best ever” year after posting a rise in annual revenue of 5.8% to £3.8bn.
The firm’s bumper takings came on the back of a rise in revenue gleaned from each customer to a record £47.51.
The results have seen Virgin leapfrog rivals TalkTalk to become the second largest internet service provider in the UK
Souring the triumphant set of figures slightly however was news that the number of consumers signing up for Virgin’s TV service had nosedived to 12,100 in the fourth quarter, down from 34,200 in the same period of 2009.
Neil Berkett, chief executive officer at Virgin Media, said: “In the year ahead our new TV service, powered by TiVo, will provide a real step change in home entertainment as customers benefit from the unique power of the Virgin Media network.
"Together with the rollout of our ultrafast 100Mb broadband, across our growing cable infrastructure, we will further accelerate our lead in next generation services and meet the ever growing demand for greater connectivity."