Virgin Media added 72,300 new cable broadband customers in the first quarter of 2010 according to their latest results out today.
The new subscribers joined Virgin Media at a faster rate than ever before, so much so that they had a 53% increase compared to the previous quarter, even more good news for Virgin is how popular their bundled services are.
They currently have 61.9% of customers on triple-play services, such as broadband, Digital TV & Phone, with 11% on quad-play services.
Virgin Media broadband is available with a headline speed of 50Mb.
Virgin Media Chief Executive Officer, Neil Berkett said:
“This quarter, we added cable customers at our fastest ever rate. A combination of higher gross additions, low churn and increased ARPU enabled us to deliver year-on-year cable revenue growth for the fourth consecutive quarter. This has driven the growth in total revenue and, with solid cost control, a double digit year-on-year increase in OCF for the second successive quarter.
“We are developing our services to exploit our natural network advantage, both now and in the future. More customers than ever before are choosing faster broadband and every day millions of our customers are enjoying the benefits of the video-on-demand revolution we are leading. On average our customers pressed “play” more than two million times a day, every day in the last three months. The latest addition to our set-top box range, the V HD Box, will also enable more Virgin Media customers to enjoy HD television without an on-going monthly fee.”
Earlier this week Virgin Media launched a new online movie service called “Virgin Media Online Movies” which allows users to watch hundreds of movies online, on-demand. 2 big titles to start the service with include “Fantastic Mr Fox” and “District 9″.
The service will allow users to watch the films as many times as they want over a 48 hour period and even stop, pause and rewind the films. It even allows the film to be watched wherever the user logs on, be that at home or at work!