& cplSiteName &

Cable Ops Up Euro Broadband Ante

Ray Le Maistre
2/25/2010

9:40 AM -- With all the talk in Europe this week of fiber-to-the-home (FTTH) developments, it's the region's cable operators that are stealing the (fixed) broadband headlines. (See FTTH Europe: Reality Sinks In and ZTE Bears Finland.)

Portugal's ZON Multimédia showed off its 1-Gbit/s service at this week's FTTH Conference 2010 in Lisbon, and now the UK's Virgin Media Inc. (Nasdaq: VMED) has announced it's set to increase its top-range commercial service from 50 Mbit/s to 100 Mbit/s before the end of this year and expand its 200-Mbit/s service trial -- all of which, no doubt, is designed to pour water on BT Group plc (NYSE: BT; London: BTA)'s fiber-to-the-anything efforts. (See Virgin Preps 100-Mbit/s Broadband Launch, BT Expands FTTH Plans, Virgin Takes Fight to Its DSL Rivals, and BT's Fiber to the Hype.)

Where Virgin could do better, though, is with its financials. Although the company managed to cut its full-year losses in 2009 -- to £358 million (US$547 million) from £920 million ($1.4 billion) in 2008 -- it's still leaking money, even while adding customers. The 2009 loss, though, was largely due to interest payments on its debts: Virgin Media actually recorded an operating profit of £142 million ($217 million) last year.

— Ray Le Maistre, International Managing Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Related Stories
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
More Blogs from EuroBlog
Having taken a breather from its acquisition spree in the US, Zayo could kick-start some infrastructure consolidation action in Europe
Some good news for its Finnish parent – Nokia Siemens Networks is on a margin roll
Telefónica to boost its broadband lines in LatAm with DSL management the from ASSIA
According to the value of Nokia's takeover deal, Nokia Siemens Networks is worth less than $5B
As APAC and North America forge ahead, Europe seems stuck in yesteryear
Featured Video
Upcoming Live Events
March 16-18, 2020, Embassy Suites, Denver, Colorado
April 20, 2020, Las Vegas Convention Center
May 18-20, 2020, Irving Convention Center, Dallas, TX
May 18, 2020, Hackberry Creek Country Club, Irving, Texas
September 15-16, 2020, The Westin Westminster, Denver
All Upcoming Live Events
Upcoming Webinars
Webinar Archive
Partner Perspectives - content from our sponsors
Challenges & Key Issues of Constructing 'MEC-Ready' 5G Bearer Networks for Carriers
By Dr. Song Jun, Senior Solution Architect, Huawei Datacom Product Line
Good Measures for 5G Service Assurance
By Tomer Ilan, Senior Director of Product Management, RADCOM
Automation Scores Against Operational Costs – The Business Benefits of Automation and Orchestration
By John Malzahn, Senior Manager, Service Provider Product Marketing, Cisco Systems
All Partner Perspectives