Good news comes from Virgin Media as it officially hit one of its most anticipated targets – the one million TiVO customers milestone.
This means the company installed its digital television services in more than 250,000 homes during the second quarter of 2012.
Meanwhile, 1.3m homes are currently enjoying superfast broadband of 30Mbps and above. During Q2 Virgin Media added 459,800 new fibre broadband customers to its cable network.
Neil Berkett, CEO of Virgin Media, said:
“This has been a quarter of improved revenue and OCF growth. We are well placed to benefit from the fast-growing demand for superfast broadband and TiVo positions us well to lead the evolving TV market.
“Customer ARPU and churn have improved and, together with our growing Business division and great value mobile offerings, we have maintained steady financial progress across the company which is translating into strong free cash flow as well as continued shareholder returns.”
The company also reported that more households were interested in quad-play services (broadband, mobile, landline and digital TV), now at 15.4 per cent.
And last but not least, Martin Kemp, was the one who installed the TiVO service to Virgin Media’s millionth digital TV customer.
