We reiterate our long-term Neutral recommendation on Virgin Media Inc. (NASDAQ:VMED). The company reported strong financial results for the fourth quarter of 2011, beating the Zacks Consensus Estimates. In the previous quarter, average monthly churn rate was 1.3%, remaining the same year over year.
In January 2012, Virgin Media initiated a major network upgrade program. Through this program the 10 Mbps tier will be upgraded to 20 Mbps. Existing 20 Mbps and 30 Mbps tiers will be upgraded to 60 Mbps, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards