Virgin Media's revenues are up and the company expands its fibre broadband network
The company's Q2 results show a 2% increase in revenue.
Virgin Media Ireland has just published its earning release for Q2 2016, and it’s good news for the company.
Revenues increased quarter on quarter by 2% to €100m, and the company continued to grow its superfast broadband network, adding 13,000 new premises so far in 2016.
In July, the company also launched mobile handsets, having previously only offered sim-only mobile plans. It expects the mobile customer base to gather pace throughout the rest of 2016 after this development.
As well as the earnings in Q2, Virgin Media also highlighted the fact that, at the Switcher Broadband Awards in April, they scooped the awards for Fastest Home Broadband Provider, Best Customer Rated Home Broadband and Most Recommended Broadband provider.
Recent research we published showed speed is an important factor for broadband customers when deciding which provider to go for, coming second only to price. Virgin Media’s growth in this market certainly backs this up.
With regards to TV, following the company’s acquisition of TV3 last year, it recently announced it has entered into an agreement with ITV plc to acquire UTV Ireland, which is big news for Irish television fans. UTV Ireland already shows popular soaps like Emmerdale and Coronation Street, and TV3 are producing tonnes of original content, including homegrown drama Red Rock.
Virgin Media has come under fire lately following the withdrawal of the eir Sport pack from its TV packages. But the company stands by the decision not to sign a deal with eir for the channels, essentially because they believe they would be paying more for less.
Existing Virgin Media customers will automatically get access to the Sky Sports Mix channel from the end of this month, and there’s also an introductory deal for anyone who has lost the eir and BT sports channels to sign-up for Sky Sports at a reduced cost of €20 per month for three months. This goes up to €40 per month after the introductory period.
Looking for a new broadband or TV provider? Check out deals from Virgin Media