Rise in Virgin Media shares amidst all hassle

Rise in Virgin Media shares amidst all hassleVirgin Media have reported of 2.33 per cent growth which is stated as the most promising growth figure that has been posted in 16 quarters with Q2 revenues surging by seven percent closing in nearly one billion pounds.

The firm has come up after a merger that occurred between cable giants NTL and Telewest, boasts of a market capitalization of about $6.61 billion and claims to reach great heights claiming the highest amount in value for continuously three years.

Virgin Media reported of its constant growth pattern since its addition of more than 9,100 new households in the last quarter as compared the loss witnessed was 28,000 over the same period in 2009.

It was further added that the success of the firm can be attributed to increased marketing expenditure in combination with a number of technological advancements.

The company claims to have channeled its efforts on creating an extensive fibre optic network throughout the nation and supposedly has the fastest broadband service.