Virgin Media Spends £110 Million to Upgrade UK Broadband Network; Double Speeds to 120Mbps

Virgin Media has announced it will upgrade its broadband network to double speeds to 120Mbps, reports The Register.

The company revealed users won't have to pay additional money to upgrade to greater speeds. Virgin informed the upgrade will start next month and will be completed in the summer of 2013.

The company said it will spend £110 million to upgrade its broadband network. The move will allow Virgin to compete with rivals BT, TalkTalk and Sky, which already provide super-fast broadband connections.

The upgrade will affect around 4 million Virgin Media customers in the UK. The company said users with connection speeds of 50Mbps or less will see their broadband speeds double by next year.

The UK government praised the company for its efforts and informed that Virgin's move is in line with its plans to bring super-fast broadband to around 90 percent of UK homes and business by 2015.

"I welcome this announcement from Virgin Media, it will provide a great boost for the economy and change the way many households, consumers and businesses use the Internet," said Prime Minister David Cameron.

"Rolling out super-fast broadband across the country is a critical part of our plan to upgrade the UK's infrastructure and build a new and smarter economy," he added.