[Kushan]

Given how much virgin has had to invest in its network just to get it up to scratch, I'm actually glad they're not building out just yet. Seems a few of us have forgotten how bad Virgin used to be just a couple of years ago - congestion, horrendous STM, overcapacity on huge swathes of the network that wasn't dealt with for literally years.

It's still not quite there in a number of areas, but the improvements have been clear. Had they invested that money in building out, I don't think they'd be in anywhere near as strong as a position they are today.

Plus, we all know that there's a new DOCSIS version due soon and probably more in the pipeline after that. That's going to require investment and it probably makes sense to hang tight, invest in what they've got and keep improving before building out more. After all, it's not like they own 90% of the market where they're available.