Virgin Media O2’s results from its recent Q3 financial report shows the company is on track to continue targeted investments over the next year.
Thu, 31/10/2024 - 13:07
Netomnia, which merged with Brsk earlier this year, is now achieving an annual build rate exceeding one million premises, according to its Q3 financial results.
The altnet's network now passes 1.82 million total premises serviceable (up 258k in a quarter and 190k premises connected (up 40k in a quarter). Its adoption rate has surpassed 10%, up 9% from the previous quarter.
Company revenues were up 317% YoY to £12.3m, and adjusted EBITDA was up 13% to -£8.9m
CEO Jeremy Chelot said: “With integration in full swing and PXC’s H1 2025 arrival on the horizon, we are confidently advancing towards our year-end targets: two million premises serviceable and 235k premises connected.”
