LONDON, June 8 /PRNewswire-FirstCall/ -- Following a better-than-expected TV subscriber performance during April and May, Virgin Media (NASDAQ:VMED) announced today that it expects TV net additions to be roughly flat in the second quarter of 2007. This revises the guidance provided in our first quarter results announcement on May 9, when we forecast negative TV subscriber growth due to the withdrawal of Sky's basic channels from the Virgin Media TV platform.
This is due in significant part to the wide ranging mitigating actions we have taken. We have also benefited from reinvigorated communications and marketing, growing customer recognition of the value of our video-on-demand content and the inherent appeal of the new Virgin Media brand.
We expect that a series of new and highly competitive consumer propositions exploiting Virgin Media's unique quad-play capability will help to drive new fixed line telephony and overall subscriber additions. As a result, while we continue to anticipate negative telephony and overall net additions in the second quarter, we expect a return to subscriber growth in the second half of the year.
Contacts Investor Relations Paul Rushton: +44-(0)-20-7299-5353
Media M: Communications
Lisa Gordon: +44-(0)-20-7153-1548
Nick Fox: +44-(0)-20-7153-1540
DATASOURCE: Virgin Media CONTACT: Contacts: Investor Relations, Paul Rushton, +44-(0)-20-7299-5353, ; Media, M: Communications, Lisa Gordon, +44-(0)-20-7153-1548; Nick Fox: +44-(0)-20-7153-1540
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