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Virgin Media news

Virgin Media attracted a further 30,000 broadband customers in the UK between April and June 2017.

According to the company's latest trading statement, this means its broadband customer base now stands at more than five million.

This was driven partly by its ongoing Project Lightning, a £3 billion scheme to extend ultrafast fibre broadband to 17 million homes by 2019.

The initiative delivered better broadband to 127,000 new premises in the second quarter of the year, compared with 102,000 in Q1.

This helped Virgin Media's quarterly revenues rise to £1,137.5 million, compared with £1,119.0 million a year earlier.

Mike Fries, Chief Executive of parent company Liberty Global, commented: "With respect to Project Lightning, we’ve made significant strides in solidifying the foundation of the program through the appointment of a dedicated new leadership team, as well as an overhaul of key processes and procedures."

This comes shortly after Virgin Media confirmed that it is to raise the prices of its broadband, phone and/or TV bundles. 

From November 2017, most customers will see prices go up by between £1.99 and £3.99. This works out to an average increase of 4.7 per cent.

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