LONDON (Thomson Financial) - Cable company Virgin Media Inc. said it gained
4,900 net new customers in the first quarter versus a net loss of 46,900 a year
earlier, although average revenue per user (ARPU) fell to 41.91 pounds from
42.75 pounds.
Total revenues in the period declined to revenue 1.0002 billion pounds vs
1.022 billion.
Operating loss narrowed to 4.6 million pounds from 15.3 million pounds in
the first quarter of 2007, with the year-on-year decrease mainly due to reduced
selling, general and administrative expenses, partially offset by increased
operating costs.
The company said its churn rate, the number of customers ending services,
declined to 1.2 percent from 1.6 percent last year.
TFN.newsdesk@thomson.com
jag
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