Virgin hits 2m mark

Virgin Mobile, Virgin Group’s mobile phone arm, yesterday announced it had surpassed the 2m subscriber mark, confirming its position as the UK’s fastest growing mobile operator. Virgin said its customer numbers had grown 70 percent over the past 12 months and it expected turnover to exceed GBP 250m for the current financial year. Last year it had turnover of GBP 173.8m. Virgin now expects to report EBITDA for 2002 of GBP 18m against earlier projections of GBP 11.7m.