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Virgin Media Q3 2017 results: Building acceleration - Venture Insights

Report Overview

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Virgin Media Q3 2017 results: Building acceleration

PublisherEnders Analysis.
Publish Date November 20, 2017
Sector Fixed Line (Internet and Voice), Media, Telecom.
Company Liberty Global, Virgin Media.

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Virgin Media’s subscriber figures were flat on the prior year quarter, a robust performance in a slowing and increasingly competitive market, with ARPU growth still weak but at least not worsening

Project Lightning had another successful quarter, accelerating strongly and passing an additional 147k premises, which bodes well for subscriber acceleration into 2018

A recently implemented price increase should boost ARPU growth next quarter, on the basis that it successfully limits the retention discounting that characterised last year’s price increase, but such a boost will be limited by wider market pricing pressures