"CEO Lutz Schüler stated that 2026 is focused on navigating a turbulent market while investing to maximize opportunities and future-proof networks for long-term success."
"Total service revenue for the quarter was £2.08bn, reflecting a 3.0% year-on-year decrease, attributed to a decline in consumer and business revenues."
"Consumer revenue decreased by 3.8%, with a notable 3.9% fall in fixed service revenue and a 3.7% reduction in mobile service revenue due to competitive pressures."
"Wholesale revenue increased by 5.1%, supported by a 12.7% rise in wholesale service revenue, indicating growth in MVNO revenue and fixed network leases."
Virgin Media O2 announced mixed results for Q1 2026, with total service revenue at £2.08bn, a 3.0% YoY decrease. Consumer revenue fell by 3.8%, influenced by prior customer reductions and competitive pressures. Business revenue decreased by 5.1%, primarily due to lower margin products. Conversely, Wholesale revenue increased by 5.1%, driven by growth in MVNO revenue and long-term leases. CEO Lutz Schüler emphasized the need to navigate a turbulent market while investing to build long-term customer trust and profitability.
Read at ComputerWeekly.com
Unable to calculate read time
Collection
[
|
...
]