[Ignitionnet]

Results are nothing too special. Only things of note are that while Virgin are selling more products they are both selling them to less customers and making less money per customer despite each taking more products than before. A sign of the competitive times I guess.

Apart from that pretty dull, perhaps a touch disappointing as reflected in the drop in share price.

It is worth mentioning that this share price and results cannot be compared directly or even indirectly with BT or BSkyB, both of whom are either in the middle of huge CapEx spends and/or write downs. BT are throwing VM's entire yearly CapEx spend at 21CN alone not including all the other stuff, while Sky experience ongoing pain due to the ITV acquisition and big CapEx spend on Sky Broadband.