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-   Virgin Media News Discussion (https://www.cableforum.uk/board/forumdisplay.php?f=10)
-   -   US Cable Giant Liberty Global buys Virgin Media (https://www.cableforum.uk/board/showthread.php?t=33691873)

Stephen 07-02-2013 17:33
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Media Boy (Post 35533509)
I think the Virgin Media HQ (Not the UK one) in the good old USA will close as part of this deal with Virgin Media new owners.
VM only has one HQ and its in Hook. There is no US based office for VM.

mertle 07-02-2013 17:55
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Itshim (Post 35533478)
As stated by myself & others here it all about the "money"
http://www.ft.com/cms/s/0/6e390f1a-7...#axzz2KDkCVvIR

This what worries me anyway took liberty to use another link cant read FL.

http://www.euroinvestor.com/news/201...arket/12196832

Now even experts say this risky move. With economic climate we face this really big risk.

Interesting this coment by rating agency

Quote:
The bonds and loans will all be on the balance sheet of Virgin Media, the acquired company, increasing its debt by more than $3 billion. Ratings company Standard & Poor's Corp. Wednesday put Virgin Media's BB rating on observation for a possible downgrade, due to the additional debt which will be on the company.
Conversely, it put Liberty Global's B- rating on observation for a possible upgrade, as a consequence of the integration of the "large and highly cash-generative operations" of Virgin Media into Liberty Global's structure.
I shocked leverage asset purchasing is still allowed. Do banks learn. What happens if it defaults or uk investers wary wont get involved.

Quote:
Virgin Media plans to sell two bonds, in sterling and dollars, for a total of 2.3 billion pounds ($3.62 billion) equivalent, making this the biggest single bond sale of junk debt from Europe since late 2010, according to data compiled by Dealogic.
The company plans to sell roughly the same amount in sterling and dollars, posing a major test for European investors' capacity,

Pierre 07-02-2013 18:27
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Stephen (Post 35533546)
VM only has one HQ and its in Hook. There is no US based office for VM.
You should never make statements of fact when you're not in possession of the facts.

VMs New York office is

6th Floor
65 Bleeker Street
New York
NY 10012

VM have always had a base in New York as did NTL before it.

Stephen 07-02-2013 19:03
Re: US Cable Giant Liberty Global buys Virgin Media
 
It may be an office but its not VMs head office or HQ that is Hook.

Pierre 07-02-2013 19:14
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Stephen (Post 35533583)
It may be an office but its not VMs head office or HQ that is Hook.
Yes but you said


Quote:
Originally Posted by Stephen (Post 35533546)
There is no US based office for VM.
Just putting you right

dcclanuk 07-02-2013 21:23
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Chris (Post 35533265)
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.
Yes you do not have to make dividend payments, but surely most companies exist and make profits (otherwise it would be useless to be in business) and so the interest deduction is a better/more profitable option?

Maggy 07-02-2013 21:36
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Pierre (Post 35533590)
Yes but you said




Just putting you right
http://www.964eagle.co.uk/news/busin...ffice-is-safe/

http://www.virginmediabusiness.co.uk...ice-locations/

http://en.wikipedia.org/wiki/Virgin_Media

Quote:
Virgin Media Inc. is a company which provides fixed and mobile telephone, television and broadband internet services to businesses and consumers in the United Kingdom. Its executive office is in New York City, United States and its operational headquarters are in Hook, United Kingdom.

Pointless argument hopefully averted.:)

Pierre 07-02-2013 21:53
Re: US Cable Giant Liberty Global buys Virgin Media
 
Non of which is contradictory to what I've said???

Maggy 07-02-2013 22:00
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Pierre (Post 35533669)
Non of which is contradictory to what I've said???
No but it's not contradictory to what others have said either.So lets leave the pointless but off topic argument alone.

Pierre 07-02-2013 23:32
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Maggy J (Post 35533671)
No but it's not contradictory to what others have said either.
Yes it is,

Look, this will be my final post on this.

A statement was made
Quote:
There is no US based office for VM
this was incorrect. As there is an office in New York.

And that is it. All that needed to be said was "oh really, I was unaware" or nothing at all.

Then you weigh in, posting nothing of use.

Better if you had stayed out of it.

Pointless argument? Maybe, but can't any of just accept you're wrong once in a while and move on?

passingbat 08-02-2013 00:08
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Pierre (Post 35533697)
Yes it is,

Look, this will be my final post on this.

A statement was made this was incorrect. As there is an office in New York.

And that is it. All that needed to be said was "oh really, I was unaware" or nothing at all.

Then you weigh in, posting nothing of use.

Better if you had stayed out of it.

Pointless argument? Maybe, but can't any of just accept you're wrong once in a while and move on?
That is the case.

Sirius 08-02-2013 07:30
Re: US Cable Giant Liberty Global buys Virgin Media
 
We were all chatting in work about this at dinner yesterday and the consensus is its a good move.

MaverickJesus 08-02-2013 09:06
Re: US Cable Giant Liberty Global buys Virgin Media
 
A deal which results in an extra $3bn of leveraged debt on VM's books, also causing a credit watch note for potential downgrade, is a good move?

Do you want to buy some magic beans?

http://www.ft.com/cms/s/0/6e390f1a-7...#axzz2KIERWWX2

GrimUpNorth 08-02-2013 09:13
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by Sirius (Post 35533737)
We were all chatting in work about this at dinner yesterday and the consensus is its a good move.
I hope you're right. I suppose it all depends how 'hands off/on' Liberty are.

I've no idea how much Cisco charge for the bits of kit that go in the 'exchanges' but I imagine their not quite an off the shelf item so how much discount is available for bulk prchases. CPE bits however I'm sure could be considerably cheaper if you've >20 million customers than 5 million.

Rival TV companies might be more willing to do business with a pan-european company than national comapny, but do English language channels do as well in Europe as foreign language channels do here? I know there are such things as subtitles and dubbing but I'd imagine the cost of multilingal subtitles is quite expensive.

So I think what I'm trying to say is that there could well be a positive impact on the technoligy and less on the TV channels, but an improved more robust future proofed network can't be a bad thing.

Cheers

Grim

Mr Banana 08-02-2013 10:15
Re: US Cable Giant Liberty Global buys Virgin Media
 
Quote:
Originally Posted by MaverickJesus (Post 35533747)
A deal which results in an extra $3bn of leveraged debt on VM's books, also causing a credit watch note for potential downgrade, is a good move?

Do you want to buy some magic beans?

http://www.ft.com/cms/s/0/6e390f1a-7...#axzz2KIERWWX2
Liberty have been around for a long time, so reckon thay know what they are doing. I would also add that the existing shareholders who get cash and shares in the new company wil not enter into a deal that will lose them money.


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