Re: Virgin up for sale?
 

Looks like Liberty Global will be exempt from paying UK tax for at least 15 years

Re: Virgin up for sale?
 

Virgin Media don't have a network in Eire as far as I know

They do in Northern Ireland, but the ROI company was sold, lock stock and network to Liberty.

---------- Post added at 21:18 ---------- Previous post was at 21:17 ----------

One tax, there are many others they will still be paying ;)

Re: Virgin up for sale?
 

http://www.virginmediabusiness.co.uk...lw105-VRB.html

---------- Post added at 21:40 ---------- Previous post was at 21:36 ----------

The people on Twitter work for Customer Services, so can tell you no more than if you rang 150 and asked them.

Re: Virgin up for sale?
 

Ah ok, so basically for NI connectivity only

Re: Virgin up for sale?
 

Hi all,

I have not read all the comments, but just wanted to add that being in debt is not always a bad thing. Debt can sometimes be cheaper than equity as interest payments are deductible from taxable profits, so you pay lower taxes.

Re: US Cable Giant Liberty Global buys Virgin Media
 

Yes, but you always have to make debt repayments whereas you can withhold dividends if need be. NTL's problem throughout the late 90s and early noughties was that it had too much debt, such that there wasn't any money for important investments that were essential to keep the offering fresh and appealing to customers.

Re: Virgin up for sale?
 

Well I'm happy to put you right, Virgin Media have a core fibre network that runs through Eire, and we also have a core fibre ring in Dublin.

So now you know.

---------- Post added at 23:09 ---------- Previous post was at 23:03 ----------

No. We have fibre network in Eire, connecting to businesses in Dublin.

Think beyond our cable offering. we are a major carrier and business provider. we do much more than TiVo and broadband.

---------- Post added at 23:10 ---------- Previous post was at 23:09 ----------

No. We have fibre network in Eire, connecting to businesses in Dublin.

Think beyond our cable offering. we are a major carrier and business provider. we do much more than TiVo and broadband.

Re: Virgin up for sale?
 

Happy to be corrected, and I don't think in just TiVo or broadband terms. But I have never seen or heard ROI mentioned when talking the company talks about 'our network' at any point.

Re: US Cable Giant Liberty Global buys Virgin Media
 

Yes, but back then we didn't have the revenues to finance the debt.

Until this deal we had a debt of around 5-6 billion but revenues far in excess of that.

As an investible opportunity I think we have matured, this is the next logical progression. as a VM employee I think it's a real opportunity and may open up a few career doors.

---------- Post added at 23:17 ---------- Previous post was at 23:14 ----------

Well I'm sure you've seen high level network maps and stuff?

We have a cable that goes across the Irish Sea from Lytham to Dublin.........................

Re: Virgin up for sale?
 

It's had a lot of bugs, but what new software doesn't. Fries was saying how wonderful it was at Davos a few weeks ago, so this is interesting.

Thanks for posting this info here.

Re: Virgin up for sale?
 

Lol Newry is marked so badly on that map, about 30 miles off and in the wrong country.

Re: Virgin up for sale?
 

Slightly late to the party on this one, but I'll offer some insight since I'm studying the topic at the moment.

Regulatory frameworks in the EU and US are not compatible. The Patriot Act overrides Safe Harbor and major US providers have already said they'll honour US government requests for information on EU data subjects. Yes that would put them in breach of EU data protection laws, but in the US there is no requirement for notification of 3rd party disclosure, so there's no real way of knowing.

Edit: Here's a good article that explains things pretty succinctly.

Re: US Cable Giant Liberty Global buys Virgin Media
 

The press release says that it is in talk with Liberty, not that it is a done deal.

Where the problem lays again is that VM are not telling the customer everything, this is not a whinge, but it appears again that the customer is the last to know what is happening.

Its good for the customer, that at last we will have another group overseeing what happens at VM.

Maybe they will throw out the dead wood of the company, and bring back the CS centres from India and place them back in the UK, and give jobs to the unemployed.

Re: US Cable Giant Liberty Global buys Virgin Media
 

From a customer point of view, nothing is happening. At this stage it's purely a financial transaction.

Re: US Cable Giant Liberty Global buys Virgin Media
 

Are you still reading the press release from the day before regarding the talks or the one yesterday confirming the deal?

Nothing will change from a customer viewpoint, so there is nothing else for them to tell customers. VM will still be ran as it is now. For the forseeable future its BAU.

VM already are giving jobs UK people. Andrew Barren was at the Bellshill call Centre a few weeks ago and announced new jobs for the centre.