Business

Virgin Media sees rising revenues

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Image caption Virgin is introducing 100Mb broadband to the UK

Virgin Media has reported rising revenues and confirmed plans for a 100Mb broadband service.

Revenue rose by 6.4% to £978m, as the group's TV, mobile phone and broadband services all saw a rise in net customers. Cable telephone services, however, saw a net loss of customers.

Virgin said pre-registration for its 100Mb service was open, with the service set to go on sale in December.

It said this would be the fastest broadband available in the UK.

"We are extending our lead in broadband even further with the imminent availability of 100Mb as consumer demand for consistently faster broadband grows," said Neil Berkett, Virgin Media's chief executive.

The group said revenue had grown across "all areas of the business", with operating income doubling to £102m from £51m.

Average revenue per user rose 3.7% to a record £46.38, and it said 62.7% of its customers were now taking three services.

In June, satellite broadcaster BSkyB bought Virgin Media TV, which includes the Bravo and Living channels, in a £160m deal.

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