CityFibre has begun preparation for a financing exercise to grow its debt facilities according to its financial statements for the year ended 31st December 2023.
Thu, 2/11/2023 - 15:09
Virgin Media O2’s fixed network rollout passed 500,000 in 2023, with 250,800 additional homes serviceable in Q3.
This ongoing expansion activity takes Virgin Media O2’s total gigabit footprint to 16.7 million homes serviceable as of the end of Q3,
The company saw 32,500 net additions across its fixed customer base in Q3, taking its total base to 5.8 million customers at the end of the quarter.
The company’s results, to 30th Sept 2023, reveal that the integration of the Upp fibre network is also underway.
Q3 revenue increased 7.1% year-on-year to £2,771.5m, 1.3% excluding the impact of nexfibre construction.
CEO Lutz Schüler said: “The implementation of price increases across the second quarter has led to service revenue growth; we’ve returned to strong customer additions across the board; and our converged fixed-mobile proposition continues to perform well.
“We are expanding our fixed network footprint faster than ever before to reach over half a million new fibre premises so far this year.”
