Revised offers at Virgin Media: light before the dawn?
20 July 2010
We expect VMed to use the upgrading of its 2 Mbit/s broadband base to 10 Mbit/s as the basis for a de facto price increase
The resulting increase in revenue could be substantial, although growth in subsequent years is likely to be reduced by lower gross additions
We continue to expect cash flow performance in 2009 to be resilient but unspectacular. However, the prospects for double digit growth in subsequent years to 2012 are beginning to look more promising