Leading broadband operator Virgin Media grew revenue 4.1 per cent in the second quarter of the year as it added 112,000 revenue generating units in the quarter, as well as 118,000 superfast lightning connections to UK premises
Revenue reached £1.26bn, boosted by residential cable revenue growth of 2.4 per cent in quarter to due to higher subscription revenue.
Mobile subscription revenue took a 1.2 per cent hit in the period due to lower bundle usage, which Virgin Media said was partly driven by regulatory changes.
However, operating income sank 17.4 per cent year on year to £58.3m as growth was off-set by higher related-party fees.
http://www.cityam.com/290508/virgin-...adds-lightning