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Evening Standard
Evening Standard
Business
Holly Williams

Virgin Media O2 warns over profit drop in 2026 amid steep mobile customer losses

Virgin Media O2 is to cut around 2,000 jobs (Alamy/PA) -

Telecoms group Virgin Media O2 has warned over falling sales and earnings in 2026 as it revealed hefty mobile customer losses after hiking prices.

The group said it lost 397,500 mobile customers on a net basis last year, with a 164,800 plunge in the fourth quarter largely due to O2 price hikes.

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