Before Liberty Global bought Virgin Media the quarterly results used to make interesting reading. Sadly, under LG they're pretty much indecipherable and you need a degree in business speak to understand them Here's the latest
Liberty Global press release. Here are a few of the highlights I understood:
- Revenue has increased 3% to £1.054 billion in Q2 and 2% to £2.098 billion in the year to date.
- Customer losses reduced in Q2 and year to date due to higher acquisitions and lower churn year on year.
- Strong take-up of new 50+ Mbps speeds, with an increase of 424,400 in Q2
- 60% of TV subscribers in Q2 have TiVo compared with 44% at the end of Q2 2013
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