Wednesday 28 June 2017

Virgin's Irish sales jump 21pc in final three months of 2015

Carol Grennan, chief financial officer at Virgin Media
Carol Grennan, chief financial officer at Virgin Media
Michael Cogley

Michael Cogley

Virgin Media Ireland capped a successful final quarter of 2015 after revenues in the firm grew by 21pc year on year.

The telecomms firm, which closed the year with 371,200 broadband customers and 311,200 digital TV subscribers, acquired TV3 in the final three months of the year.

In the fourth quarter of the year, Virgin added 6,500 mobile subscribers to its recently launched mobile phone service.

Speaking about the firm's performance, Carol Grennan, chief financial officer at Virgin Media, said: "Our business division continues to drive positive results with Q4 revenues up by 21pc year on year across all business market segments. 

"Our competitive advantage lies in both our high capacity optical fibre network and the breath of our product portfolio, which spans the complete spectrum of business communications," Ms Grennan said.

In 2015, Virgin re-branded from UPC Ireland to Virgin Ireland, which coincided with the appointment of new chief executive, Tony Hanway.

Ms Grennan was pleased with Virgin's performance across the board with other products like Bitbuzz performing strongly for the firm.

"Virgin Media’s Bitbuzz WiFi business exceeded revenue expectations throughout 2015 and concluded the year with a very strong set of results. 

"Recent innovations by the Business Division included the introduction of a new online shopping service for B2B products which contributed to a 23pc year on year growth in sales for our SME business unit," Ms Grennan said.

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