Revenue at Virgin Media Ireland increased by 2% in the second quarter of the year to €100m.
The company say they have added 13,000 new premises to their customer base in 2016.
They have plans to launch a mobile handset range and free high speed 4G services later this year.
Tony Hanway, CEO of Virgin Media Ireland, said: "On the TV broadcasting front, Virgin Media recently announced we have entered into an agreement with ITV plc to acquire UTV Ireland, the nation’s newest free-to-air commercial broadcaster.
"The proposed acquisition adds Ireland’s newest TV channel to our existing portfolio, which includes TV3, 3e and is subject to competition and regulatory approval by the relevant governing bodies."