British cable-television and Internet provider Virgin Media reported the fastest quarterly customer growth since its merger with Virgin Mobile in 2005.
Virgin Media, the second leading pay-TV provider in Britain, added a total of 38,300 new net cable customers during January-March quarter, taking it customer base to 4.76 million.
It also benefited from the lowest outflow since its merger with NTL. Just 1.1 per cent of its customers left it during the last quarter.
Revenue for the quarter jumped 2.9 per cent to settle at £963 million as the company benefited from expanded customer base.
Speaking on the topic, firm's CEO Neil Berkett said, "We've got a rhythm about us now. To produce results showing strong customer growth as well as strong financial performance is very pleasing."
But regardless of the strong growth in customer base, firm's first quarter pre-tax losses soared from £154 million last year to £160 million this year.
Earlier in February, Virgin Media announced that it would be the first to provide super-fast broadband in Britain. It has plans to roll-out Britain's first broadband service of 100Mb by the end of 2011.
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