Virgin Media announce Q4 results

[BenMcr]

Again, can't see any existing thread

http://pressoffice.virginmedia.com/p...5258&highlight=

And in a more friendly form

http://www.guardian.co.uk/media/2010...virgin-revenue

Virgin Media has beaten analysts' forecasts by boosting revenue by 3.3% to £980m in the fourth quarter, adding 63,600 broadband subscribers – as superfast internet connections prove a draw.

[Digital Fanatic]

Very good results indeed.

[Ben B]

Excellent results

[Sirius]

Mega results

[tvtimes]

They're turning a corner.

[Horizon]

.....once the 6 billion debt is gone, then yes I'd agree. But as they, vm, has delayed yet again paying off a tranche of that debt until 2018, it's a long slog yet.

I know of no other UK company that has been in debt for so long and with such a huge amount of debt and stayed solvent. I guess VM have very tolerable shareholders these days and for keeping them at bay, Berkett and co should be applauded.

[tvtimes]

Originally Posted by Verizon

.....once the 6 billion debt is gone, then yes I'd agree. But as they, vm, has delayed yet again paying off a tranche of that debt until 2018, it's a long slog yet.

I know of no other UK company that has been in debt for so long and with such a huge amount of debt and stayed solvent. I guess VM have very tolerable shareholders these days and for keeping them at bay, Berkett and co should be applauded.

Thing is though most companies that have that amount of huge debt don't have near the same amount of subscribers that VM have. VM have a guaranteed income and so are able to delay repayments and remain profitable. Most companies rely on selling something without the much needed monthly incomes and have to win big contracts to stay afloat.

[Horizon]

...That's very true and why VM have pulled the rabbit out of the hat again and got that debt repayments pushed further back. They say to the bank we have 4 million customers paying an average of £30 a month which gives us x guaranteed income.