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Re: Virgin Media Closing Albert Dock
Has the superhub had a factor here? I remember saying when it got launched the end game would be redundancies, as I assume tech support has been made easier now to the point less staff are needed to allow these redudancies.
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somebody tell me that they are making redundencies so they can afford a massive expansion of the network and i can get rid of my crappy 5mg ADSL |
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I feel very sorry for all the albert dock staff who have proved very helpful on here,and wish each and every one a swift return to employment |
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Damn ,that's not the answer i wanted ...oh well back to the crappy 5mg then :D |
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Re: Virgin Media Closing Albert Dock
I would imagine that Sir Branson put money INTO the company and allowed them to use the brand name in return for his shares, so without his involvement there would be even LESS capital in the business.
In return, VM received a cash injection and a chance to ditch the tarnished brand that was NTL, in favour of a more respected and trusted brand. I do know that he insisted on various changes before he allowed this, particularly to improve the appalling customer service. |
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In December 2005 NTL:Telewest and Virgin Mobile UK announced that talks had taken place regarding a merger. Virgin Mobile's independent directors rejected the original bid of £817 million ($1.4 billion), taking the view that NTL's bid "undervalued the business". Sir Richard Branson reportedly expressed confidence that a re-structured deal could go ahead, and in January 2006 NTL increased its offer to £961 m (372p per share). On 4 April 2006, NTL announced a £962.4 m recommended offer for Virgin Mobile. According to reports, Branson accepted a mix of shares and cash, making him a 10.7% shareholder of the combined company. |
Re: Virgin Media Closing Albert Dock
So that's what happened, thanks for the info....interesting.
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