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Virgin Media witnessed a five per cent rise in operating cashflow during the second quarter of the year, it has been reported.

Revenue rose by 4.2 per cent to £1.03 billion between April and June 2012, up 3.3 per cent to £2.03 billion for the first half of the year.

Latest company accounts reveal that demand for faster broadband - and also the firm's TiVo-based pay-TV service - helped increase takings.

Virgin Media increased its super-fast broadband customer base by 459,800 between April and June, taking the UK total to 1.3 million households.

This is more than three times the number of a year ago, and represents 31 per cent of the firm's overall broadband base.

Of these, 590,000 customers are now on tiers between 50Mb and 100Mb, while two out of five new customers took speeds of 60Mb or higher.

"Our programme to double the broadband speeds of over four million customers is well underway with approximately 765,000 customers benefiting from upgraded speeds," Virgin Media stated.

"We have upgraded 22 per cent of our network for the new faster speeds since February."

Meanwhile, the broadband provider said the appeal of TiVo helped drive "strong pay-TV performance" during Q2 2012.

The firm added 261,700 more TiVo customers during the quarter to reach a total of 938,800 at the end of the quarter - 25 per cent of the Virgin Media customer base.

"We expect to reach a total of one million TiVo customers this week," the firm added.

"This uptake has helped to drive the overall number of paying TV customers, which increased by 37,800 in the quarter."

Commenting on the results, Neil Berkett, Chief Executive Officer at Virgin Media, said it had been a quarter of improved revenue for the company.

"We are well placed to benefit from the fast-growing demand for super-fast broadband and TiVo positions us well to lead the evolving TV market," he stated.

Mr Berkett explained that Virgin Media has managed to reduce customer churn and increase the average amount paid per customer, per month.

"Together with our growing Business division and great value mobile offerings, we have maintained steady financial progress across the company," he claimed.

"[This] is translating into strong free cash flow as well as continued shareholder returns."

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