VIRGIN Media yesterday said it had narrowed its losses after customers spent more on its services and that it was in talks about listing in London later this year. <br /><br />The firm said its net loss had narrowed to £49m from a £449m loss a year later, when the firm was forced to take a writedown of £336m on its mobile business<br /><br />Average revenue per user (ARPU) – the amount earned from each customer – beat analyst expectations to rise to £43.27 a month, from £41.68 a year ago, as it increased the number of customers buying three services to 58 per cent, up from 53 per cent.<br /><br />Virgin Media has taken advantage of its cable network, which can be accessed by 51 per cent of households, to sell combined broadband, TV and telephone packages.<br /><br />However, the company – which is 10.4 per cent owned by entrepreneur Sir Richard Branson – said that it had lost 26,200 customers in the period.<br /><br />Chief executive Neil Berkett said that the firm is considering a secondary listing in London, to attract UK-based investors. Although listed on Nasdaq, it operates solely in the UK. <br /><br />The listing would likely take the form of global depository receipts, and is expected to be announced later this year, sources close to Virgin Media said.<br /><br />Virgin Media’s second-quarter revenues were flat year-on-year at £936m, broadly in line with a consensus of £941m. Operating cash flow held steady at £334m, beating consensus forecasts.