Virgin performs well

11 Nov 2008

The US mobile virtual network operator (MVNO) Virgin Mobile USA has reported higher than expected third-quarter earnings even though it lost around 3,000 net customers during the latest three-month period. The firm saw a net profit of USD4.1 million in the three months to end-September, reversing a loss of USD7.4 million a year before. Revenues rose from USD301 million to USD305 million. The firm claimed 5.2 million customers at the end of September. ‘Our business performed well in the third quarter,’ said Dan Schulman, CEO of Virgin Mobile USA.

United States