Virgin Media has revealed that it now boasts over 2.5 million customers with superfast broadband connections of over 30Mbit/s, as it continues to challenge BT for the UK's high speed crown.
The firm touted the numbers as part of its first quarter figures for 2013, noting that the figure represented a 337,900 increase on the previous quarter for customers on the higher speeds. In total the firm added 37,400 new customers in the quarter. This growth helped revenue grow by 3.6 percent to £1.043bn, generating net income of £139m.
The figures mark a healthy step forward for the firm as it prepares to be swallowed up by US giant Liberty Global which is paying £22bn for the firm in a deal announced in February.
“We have had a good start to the year with accelerated revenue growth, improved churn, and strong free cash flow growth,” said Neil Berkett, chief executive of Virgin Media.
“This positive momentum in the business positions us well for our planned merger with Liberty Global."
The deal with Liberty will pose a serious threat to BT's market dominance. The firm is currently leading the broadband market as it continues to roll fibre out across the UK and hoover up almost all the government's broadband funding allocations for rural locations.
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