Wednesday, 25 February 2009

Virgin Mobile posts fall in Q4 revenue - UK

Virgin Mobile, the biggest MVNO in the UK, today announced that it added 70,800 customers to its burgeoning post paid service but lost 224,000 prepay customers during the same period; nearly double the disconnections from the service that it experienced in the previous quarter.

Virgin Mobile also announced its second quarter financial results with its total revenue from the quarter standing at £141.1 million (197.7 million USD), down £10.5 million (14.7 million USD) compared to the same quarter in 2007.

Responding to the figures Virgin Media Chief Executive Officer Neil Berkett said: "During the quarter, we built upon the foundations we put in place to deliver a differentiated and highly competitive consumer proposition in 2009.

"Record numbers of customers are now using Virgin Media's services, despite the current economic environment. We are successfully giving people more reasons to choose us and they are buying more products from us than ever before, with 56 per cent of our customers now buying three services or more."