Telecom conglomerate's planned separation called off
In the second quarter of 2025, Virgin Media O2 saw a decrease in its total customer base, with 5,643,500 customers, a drop of -51.4k compared to the previous quarter. Despite this decline, the company is delivering growth in profitability, even in a challenging trading environment.
On the mobile side, Virgin Media O2 is making strides in network expansion. The company is boosting its network across the country, with plans to extend 5G Standalone to more areas. Additionally, Virgin Media O2 has announced a significant spectrum acquisition, a move expected to materially enhance the company's network performance in the future, improving customer experience.
Lutz Schueler, the CEO of Virgin Media O2, has reconfirmed the company's guidance for the year. Notably, the plan to spin off the fixed network, named NetCo, has been scrapped. The new company aims to deliver a great service for British businesses and drive long-term enterprise growth for Virgin Media O2.
Virgin Media O2 is also implementing a multi-brand strategy in both the fixed and mobile sectors. The company's customer service is improving, and it boasts one of the country's best loyalty programs with Priority from O2.
In a separate development, Virgin Media O2's new company with Daisy Group has received all relevant approvals and is ready for an imminent launch. However, if the planning for the relaunch of the fixed-line infrastructure marketing division of Virgin Media O2 has been abandoned, no companies are currently involved.
As of Q2 2024, Virgin Media O2's gigabit broadband network covered 18.53 million UK homes. The company is continuing significant network investments, leveraging its scaled gigabit broadband network and rolling out fibre for future use.
Wholesale prices at O2 increased in Q2 2025. However, it's important to note that no information was provided about India, Starlink, AST SpaceMobile, D2D satellites, US Cellular sector, EchoStar, Space Race 2.0, SABC, Starship, or any specific financial figures or bank statements.
In conclusion, despite a slight decrease in customer base, Virgin Media O2 is making strategic moves to boost its network and drive growth in profitability. The company's commitment to customer service, network expansion, and strategic partnerships positions it well for the future.
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