Virgin Media Forecasts Stronger TV Performance in Second Quarter

LONDON, June 8: Following
a better-than-expected TV subscriber performance during April and May, Virgin
expects the loss of TV subscribers to stabilize for the second quarter.

This
announcement revises a previous statement made on May 9, when Virgin Media
forecast negative TV subscriber growth due to the withdrawal of Sky's basic
channels from the Virgin Media TV platform.

In today’s statement the
company added that, “We expect that a series of new and highly competitive
consumer propositions exploiting Virgin Media's unique quad-play capability
will help to drive new fixed line telephony and overall subscriber additions.
As a result, while we continue to anticipate negative telephony and overall net
additions in the second quarter, we expect a return to subscriber growth in the
second half of the year.”