Virgin Media Business posts Q3 results

Virgin Media Business posts Q3 results

Virgin Media Business has announced its Q3 2012 results, with the business unit indicating that its revenue increased by 9.5% during the quarter to £168.6 million.

The figure represents 44% of the total Virgin Media Group revenue growth for the nine months of this year.

The unit’s wholesale data revenue was said to be up by 36% to £45.5 million due to revenue from new contracts. Wholesale voice revenue also grew by £1 million to £5 million. Local Area Network solutions and other revenue was, however, down £2.1 million to £7.4 million.

“It’s been a busy and exciting third quarter and I'm looking to reporting a successful year where it becomes even more clear that Virgin Media Business is the leading challenger brand,” said Virgin Media Business’s MD Mark Heraghty.

"We’ve continued to roll out innovative technology that will help shape the future of mobile connectivity. Two successful trials of small cell technology resulted in mobile data speeds of up to 90Mbps. This technology will finally enable mobile operators to deliver a service that will enable their customers to enjoy 3G as they should and will help to support their 4G or LTE future.”