Forums Forums Enthusiast Forums A - Z Gadgets & Tech "Negative" Outlook For Virgin Media

Moody's Investors Service has cut its outlook on Virgin Media from "stable" to "negative", despite better than expected quarterly results.

The firm's second quarter numbers showed a net subscriber loss of 70,300, with 40,000 of those chalked up to an ongoing dispute with Sky over carriage of basic channels such as Sky One and Sky News. Certain fundamentals including group revenue and consumer revenue also dipped, although broadband numbers and the percentage of customers taking triple-play packages both climbed.

In its note, Moody's said that it does not expect Virgin Media to move into positive net subscriber additions this year and added that it has continued to perform below post-merger expectations. Moody's does, however, expect the cableco to have positive free cash flow for 2007.

might as well phone a garden center up and ask them for help lol

they need to do something soon i mean they lose the sky channels but price stays the same the call center is crap any problems with broadband and they a waste of time ringing might as well phone a garden center up and ask them for help lol

would never have anything with the virgin brand on it, beardybranson just tries to monopolise the market on the things he buys... !