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Virgin Media Q1 2011 results: still respectable, but growth dropping - Venture Insights

Report Overview

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Virgin Media Q1 2011 results: still respectable, but growth dropping

PublisherEnders Analysis.
Publish Date April 20, 2011
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology, Pay TV.
Company Virgin Media.

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VMed’s Q1 results were respectable, helped by strong revenue growth at Virgin Media Business

However, growth in volume, ARPU and OCF, while still positive, is trending downwards, and we retain our expectation of more limited progress in 2011 compared to 2010

VMed’s strategy is coherent; the issue is the pace at which initiatives such as high speed broadband, service convergence and footprint expansion can be converted into cash flow growth