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Broadband ISP Virgin Media’s Q4 2020 results included an update on their Project Lightning network roll-out, which reached a total of 2.5 million UK premises with 115,000 premises being added during the last quarter (down from 125,000 in the previous quarter). This may have been impacted by the pre-Christmas lockdown in Q4 2020, ISPReview.co.uk reports.
Last year the operator spoke of their ambition "to accelerate investments and connect a further 7 million homes to gigabit broadband in the coming years.”
The cost per premises for their network expansion fell to £590 in Q4 from £605, thanks to a greater use of Openreach’s Physical Infrastructure Access (PIA) product. A downward trend they expect to continue.
Virgin Media CEO, Lutz Schüler said he was immensely proud of how their people had risen to the challenges presented by the global pandemic "They have remained committed to our plan and have worked tirelessly to provide essential connectivity and entertainment services for our customers. Our gigabit rollout has continued at pace and we are now the largest provider of 1Gbps speeds in each of our markets.”
2021 promises to be another big year for Virgin Media with the O2 merger due to complete around the middle of the year.
