British cableco Virgin Media has announced it added a record number of new subscribers in the fourth quarter ended 31 December 2007. The company added 272,100 new revenue generating units (RGUs – subscriptions to one or more of Virgin's broadband, cable TV, mobile and landline telephony services) in the quarter, up from 186,700 in the previous three months. At the end of December 2007 Virgin claimed 3,701,200 broadband and 4,135,300 telephony customers.
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The company reported an operating loss of GBP18 million (USD36 million) compared to a loss of GBP47 million in the previous quarter. Revenue was GBP1.05 billion, down from GBP1.08 billion in the same period a year earlier. ‘Our fourth quarter results represent our best operational performance since the cable merger in early 2006,' acting chief executive of Virgin Media, Neil Berkett, said in a statement. ‘We are achieving good results from our stated strategy of exploiting our superior network capability to drive broadband growth and deliver the next generation of personalised on-demand content, as well as focusing on reducing churn.'