Losses at Virgin Media Ireland ballooned last year despite growth in customer numbers and revenue, its latest accounts filed with the companies office show. Virgin, which derives most of its income from supplying cable broadband, pay TV, telephone and mobile services, saw revenue rise from €363 million in 2018 to €378 million in 2019. Most of the increase in revenue was down to mobile revenue which increased from €28 million to €37 million. Cost of sales grew from €73 million to €85 million, while other operating expenses grew from €234 million to €255 million. Figures from its parent Liberty Global earlier this year showed Virgin has about 993,700 subscribers in the Republic.

Source: The Irish Times October 30, 2020 13:30 UTC