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Virgin user base grows

Discussion in 'General Discussions and Lounge' started by temi, Feb 1, 2005.

  1. temi

    temi Facilitator Webmaster

    Virgin Mobile was launched in 1999
    Customer numbers at Virgin Mobile are up 37% on a year ago, the UK's fifth- largest mobile phone operator has said.
    Virgin said its total subscriber base reached 5.03 million by 31 December, and it added a net 417,000 users in the October-to-December period alone.

    However, average customer revenues slipped to £132 ($248) in the quarter, down from £137 in the previous quarter.

    This was enough to trigger a 19.25 pence fall in Virgin Mobile's share price to 245.75 pence on Tuesday.

    The company blamed the fall in annual revenues per user (ARPU) on a regulatory cut in tariffs last September.

    The group's churn level - when customers switch operators - edged higher to 16.2%.

    source full story: news.bbc.co.uk/1/hi/business/4224937.stm

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