Thursday, 9 August 2007

Virgin Lost 40 000 customers

Virgin Media reported on Wednesday, 8th August 2007 that the row with BSkyB over the cost of cable channels such as Sky News and Sky One from Virgin’s service on March 1, 2007 has cost them 40 000 customers. Virgin said that 70 000 customers left between April and the end of June with only 40 000 because of the dispute. As a result, customer revenue fell from £637.3 million in the first quarter of 2007 to £619.3 million. Overall, the group posted operating profits of £3 million, against operating losses of £15.3 million a year ago. Its total customer base now stands at 4.7million. (source: Metro)

No comments: