Virgin Media Ireland upgrading FTTH

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Virgin Media Ireland has announced it is delivering connectivity services to 433,000 fixed-line customers and mobile services to 127,00 subscribers as at September 30th 2021

The Irish telco has also revealed its intention to upgrade its fixed network to full fibre t
o the premises (FTTH) by 2025. The upgrade plan will cover the full network across existing 952,000 homes. Total upgrade costs over the estimated 3-year life of the plan will amount to approximately €200 million, excluding success-based customer connection costs. The network will be an open model, enabling wholesale access for other service providers.

In delivering its Q3 results, Virgin Media Ireland said it continues to see strong demand for higher tier TV packages through the acceleration of its
TV360 base, Following a price rise executed in Q3, Customer Relationships were broadly stable, down 1,100 as compared to a loss of 300 in Q3 2020.

Q3 Revenue was at
€115.4 million, an increased of 6.9 per cent QoQ, predominantly driven by a strong recovery in
the TV advertising market.

Tony Hanway, CEO of VM Ireland, commented: “Today’s announcement of our full fibre upgrade underpins our commitment to be the number one choice for converged connectivity and entertainment in the Irish market. We are currently the largest gigabit network and will take advantage of our favourable network topology to execute a cost-effective full fibre to the premise upgrade of nearly 1 million homes. This full fibre upgrade, coupled with our robust financial performance and ongoing operational focus, will strategically position us to drive long-term sustainable growth.”


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