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

joglynne 05-02-2013 23:23

Re: Virgin up for sale?
 
Thanks for the link Grim. :tu:

I have just been reading the following report and particularly like the part where it says

Quote:

a Virgin Media takeover would mark the first time it (Liberty) had parked its tanks directly on BSkyB’s lawn.
http://www.telegraph.co.uk/finance/n...h-Murdoch.html

howardmicks 05-02-2013 23:58

Re: Virgin up for sale?
 
Quote:

Originally Posted by tricol (Post 35532638)
A done deal at below $50 per share.....

Good or bad.cant be any worse than current owners,hopefully they will invest and aquire new channels.could this be a sign of hostility with sky again???

sollp 06-02-2013 00:01

Re: Virgin up for sale?
 
Quote:

Originally Posted by devilincarnate (Post 35532345)
I bet the staff who have got share options are getting very happy now? Maybe

Sold mine a couple of months ago:mad:

Bogof 06-02-2013 00:16

Re: Virgin up for sale?
 
Quote:

Originally Posted by howardmicks (Post 35532656)
Good or bad.cant be any worse than current owners,hopefully they will invest and aquire new channels.could this be a sign of hostility with sky again???


I think BT is now virgins main competitor, they focused on Sky so much they didn't notice BT creep up and equal virgins core product. That would be the high speed Internet.

Right now anyone can see Virginmedia NEED this buyout, by April they will be third largest BB provider and the only one in the top 3 that throttles it's service.

Horizon 06-02-2013 00:23

Re: Virgin up for sale?
 
Quote:

Originally Posted by Pierre (Post 35532627)
I
I would say absolutely not.

The virgin brand is what holds it all together.

The use of the Virgin brand is one of the biggest assets the company has, and compared to the revenues they get it cheap.

If UPC can get a deal to extend the Virgin Brand to Europe and roll out TiVo etc. well who knows.


I think anything could happen, but I doubt very much that the virgin brand would go, I'd bet your mortgage on it.

My mortgage is paid, but thanks anyway.:D

Yes, the virgin brand is big, but I don't see it fitting into Liberty's empire long term. I think they'll ditch it at the first opportunity. One billionaire will not want another billionaire's brand on his company. But I do agree the virgin brand has been a "puller" for the cableco. But the brand is too associated to Branson, so will go.

As for roll out of tivo to Europe, not a chance for a simple reason. UPC have just rolled out new epg software to cable boxes called Horizon in several countries, they will not swap that for tivo now.

The question to ask is, will tivo in the uk be axed in the future in favour of Horizon?

---------- Post added at 23:23 ---------- Previous post was at 23:19 ----------

Quote:

Originally Posted by GrimUpNorth (Post 35532632)
CNBC are saying the deal is done video link

Cheers

Grim

Thanks for the link, goodbye virgin.

Bogof 06-02-2013 00:24

Re: Virgin up for sale?
 
I think the TiVo will go,the new owners will probably by 1 or 2 STB's (Or replace them with kit they already use around Europe ) and roll them out to all areas. The more they buy the bigger the discounts and the easier it is for repairs and faults etc.

Martin_D 06-02-2013 00:39

Re: Virgin up for sale?
 
So has it been sold ??

MalteseFalcon 06-02-2013 01:04

Re: Virgin up for sale?
 
If it is a done deal, what does this mean for Virgin customers? Will we still get the same services as Virgin provide? I don't want to use BT or SKY so will have to say goodbye to internet and cable TV. Back to Freeview I think if the new owners start messing with existing customers. Could this be why retentions have stopped giving out deals to customers?

thenry 06-02-2013 01:04

Re: Virgin up for sale?
 
relax Mark. a rival to Rupert didn't just buy into the UKs cable network to destroy it. that said UPC's security sucks.

MalteseFalcon 06-02-2013 01:07

Re: Virgin up for sale?
 
I hope they don't destroy it. Mind you, if they start hiking prices up I may have to dump something.

Reading a link, Virgin share prices have gone from $3.26 a share 4 years ago to $45 a share today.

RB2004 06-02-2013 01:09

I think this deal as said will spell an end to TiVo on VM.

It will drive liberty costs down buying just 1 box across America and Europe with massive cost savings.

And with TiVo vs horizon. Well horizon will win as that is libertys own in house stb and it is too similar to TiVo.

Bogof 06-02-2013 01:18

Re: Virgin up for sale?
 
Quote:

Originally Posted by thenry (Post 35532677)
relax Mark. a rival to Rupert didn't just buy into the UKs cable network to destroy it. that said UPC's security sucks.

Free cable for all then lol

MalteseFalcon 06-02-2013 01:20

Re: Virgin up for sale?
 
Been looking at the UPC website, prices are actually fairly competitive. For the top package, which offers a download speed of 100MB/s and upload speeds of 10MB/s costs the equivalent of £68.52 a month. If they bring packages like that over to us Virgin customers then I am happy. Mind, that is before you add the SKY stuff in.

RB2004 06-02-2013 01:20

These specs alone are tempting over TiVo box,


"The Horizon media gateway has six tuners and can record up to four channels simultaneously. There is a three-hour review buffer that runs across recently viewed channels, from which users can also set recordings. The gateway box comes with a gigabyte of memory and a 500 gigabyte hard disk."

So no way they will keep TiVo,

That box is already rolled out in iteland and europe.

"It will be rolled out in Switzerland, Germany and Ireland over the next 3-6 months. International cable company Liberty Global has been working with a number of partners on the ambitious project, which promises to transform the cable television experience for its customers, allowing them to view media across television, computer, tablet and smartphone screens."

That was October 2012.


So looks like end of TiVo, shame really after all the hype VM put into TiVo and marketing it etc

thenry 06-02-2013 01:22

Re: Virgin up for sale?
 
were UPC dishing out SB6120's? i now see the combo but before the roll out of combo kit?

howardmicks 06-02-2013 01:23

Re: Virgin up for sale?
 
Quote:

Originally Posted by RB2004 (Post 35532682)
I think this deal as said will spell an end to TiVo on VM.

It will drive liberty costs down buying just 1 box across America and Europe with massive cost savings.

And with TiVo vs horizon. Well horizon will win as that is libertys own in house stb and it is too similar to TiVo.

If vm now ditch TiVo,watch sky swoop to do a deal with TiVo.its clearly what as stopped a lot of customers switching to sky it certainly aint channel choice

thenry 06-02-2013 01:25

Re: Virgin up for sale?
 
Quote:

Originally Posted by Bogof (Post 35532687)
Free cable for all then lol

not again.

---------- Post added at 00:25 ---------- Previous post was at 00:24 ----------

Quote:

Originally Posted by howardmicks (Post 35532695)
If vm now ditch TiVo,watch sky swoop to do a deal with TiVo.its clearly what as stopped a lot of customers switching to sky it certainly aint channel choice

and brand it as Sky?

RB2004 06-02-2013 01:27

Sky can't do a deal with TiVo because VM were locked in for 4 years? so presumably it will still cost them money, because presumably tivo deal works on the basis that vm buy the rights to use it like a subscription itbut it doesn't mean they have to use it?

Because for liberty their horizon box is better, cheaper and a competitor to TiVo.

Chad 06-02-2013 01:33

Re: Virgin up for sale?
 
Quote:

Originally Posted by howardmicks (Post 35532695)
If vm now ditch TiVo,watch sky swoop to do a deal with TiVo.its clearly what as stopped a lot of customers switching to sky it certainly aint channel choice

Things look set to get interesting. The Horizon box, based on Youtube videos, looks great. SKY will need to up their game ASAP in terms of their PVR. I would not be surprised at all if UPC ditch TiVo and SKY try to step in. Remember it wasn't to long ago that BBC catch-up on SKY looked virtually impossible.

Imagine SKY with TiVo Vs. UPC with Horizon :eek:

thenry 06-02-2013 01:34

Re: Virgin up for sale?
 
Will Netgear be given the boot. UPC Ireland broadband supply Cisco EPC2425, Cisco EPC3925 and Thomson TWG870

Chad 06-02-2013 01:37

Re: Virgin up for sale?
 
Quote:

Originally Posted by RB2004 (Post 35532701)
Sky can't do a deal with TiVo because VM were locked in for 4 years?

http://mediacentre.virginmedia.com/S...tform-167.aspx

Was it 4 years from their agreement, or 4 years from the box launching? The above press release was from November 2009.

RB2004 06-02-2013 01:39

No idea lol,

Here's the info I read on horizon box though,

http://informitv.com/news/2012/09/09/libertyonhorizon/

Bogof 06-02-2013 01:40

Re: Virgin up for sale?
 
Quote:

Originally Posted by Chad (Post 35532706)
Things look set to get interesting. The Horizon box, based on Youtube videos, looks great. SKY will need to up their game ASAP in terms of their PVR. I would not be surprised at all if UPC ditch TiVo and SKY try to step in. Remember it wasn't to long ago that BBC catch-up on SKY looked virtually impossible.

Imagine SKY with TiVo Vs. UPC with Horizon :eek:


Sky DO NOT want anything to do with TiVo!

RB2004 06-02-2013 01:41

Probably , which will be sad as a lot of effort has gone into a superhub 2 and testing has just begun lol.

All wasted.

thenry 06-02-2013 01:46

Re: Virgin up for sale?
 
you mean the destroyed rep by SH1 followed by a too late SH2 success soon to be possibly booted. yup what a waste of efforts and for what!!!

Chad 06-02-2013 01:47

Re: Virgin up for sale?
 
http://blogs.wsj.com/overheard/2013/...n-the-horizon/

Seems to suggest TiVo will be safe for 4 years

Bogof 06-02-2013 01:53

Re: Virgin up for sale?
 
Lol you guys need a reality check NOTHING is going to change anytime soon. If you think it will be a change as fast as the virgin media thing you're all very wrong.

The Virginmedia thing was NTL/Telewest rebranding after a successful merger of 2 UK cable companies. What's happening now is very very different. You won't see any change for a longtime. Virginmedia have commitments to Virgin group and TiVo that they can't just drop.

Chad 06-02-2013 01:56

Re: Virgin up for sale?
 
Quote:

Originally Posted by Bogof (Post 35532720)
Lol you guys need a reality check NOTHING is going to change anytime soon. If you think it will be a change as fast as the virgin media thing you're all very wrong.

The Virginmedia thing was NTL/Telewest rebranding after a successful merger of 2 UK cable companies. What's happening now is very very different. You won't see any change for a longtime. Virginmedia have commitments to Virgin group and TiVo that they can't just drop.

I think an announcement on the deal is due tomorrow afternoon. That should make things very clear.

At the moment we are all just guessing. Nobody knows nothing for sure.

Bogof 06-02-2013 02:01

Re: Virgin up for sale?
 
Quote:

Originally Posted by Chad (Post 35532721)
I think an announcement on the deal is due tomorrow afternoon. That should make things very clear.

At the moment we are all just guessing. Nobody knows nothing for sure.

The deal has has been agreed but multi $ billion deals can take a long time to complete. Virginmedia customers can be safe in the knowledge nothing will change for 12-18 months minimum probably longer apart from management job losses. UPC guys will start appearing at VM and making big changes but that will not effect customers.

The sales guys had their chance with virginmedia and got rich, now it's time for VM to realise its potential.

Chad 06-02-2013 02:06

Re: Virgin up for sale?
 
Quote:

Originally Posted by Bogof (Post 35532722)
The sales guys had their chance with virginmedia and got rich, now it's time for VM to realise its potential.

I was just reading that Neil Berkett will make £30 million from the sale. I have no idea how accirate this is however I'm guessing Mr. Berkett won't be hanging about too long :D

Horizon 06-02-2013 02:07

Re: Virgin up for sale?
 
Quote:

Originally Posted by Bogof (Post 35532722)
The deal has has been agreed but multi $ billion deals can take a long time to complete. Virginmedia customers can be safe in the knowledge nothing will change for 12-18 months minimum probably longer apart from management job losses. UPC guys will start appearing at VM and making big changes but that will not effect customers.

The sales guys had their chance with virginmedia and got rich, now it's time for VM to realise its potential.

UPC guys will stay at UPC. Don't forget this isn't the first time Liberty have owned a UK cable company....they've been at it for over 20 years.

thenry 06-02-2013 02:07

Re: Virgin up for sale?
 
Quote:

Originally Posted by Chad (Post 35532725)
I was just reading that Neil Berkett will make £30 million from the sale. I have no idea how accirate this is however I'm guessing Mr. Berkett won't be hanging about too long :D

he deserves it. all the best to him. well done too knowing not to push it. that in itself is a talent.

Bogof 06-02-2013 02:13

Re: Virgin up for sale?
 
Quote:

Originally Posted by Horizon (Post 35532726)
UPC guys will stay at UPC. Don't forget this isn't the first time Liberty have owned a UK cable company....they've been at it for over 20 years.

Lol, trust me guys from UPC/ liberty will be all over the various offices of Virginmedia. Their first priority will be savings and cuts.

Horizon 06-02-2013 02:21

Re: Virgin up for sale?
 
I think you may have misunderstood. Liberty doesn't need to send "its" people to vm, because they're already there and have been for ever.

Liberty, as its now called, used to be TCI, was a major shareholder of Telewest which became VM. Many of the Telwest people are still in VM, one of them runs the tv service. So, there doen't need to be Liberty/UPC people parachuted in, they've always been there to begin with.

Bogof 06-02-2013 02:27

Re: Virgin up for sale?
 
Quote:

Originally Posted by Horizon (Post 35532735)
I think you may have misunderstood. Liberty doesn't need to send "its" people to vm, because they're already there and have been for ever.

Liberty, as its now called, used to be TCI, was a major shareholder of Telewest which became VM. Many of the Telwest people are still in VM, one of them runs the tv service. So, there doen't need to be Liberty/UPC people parachuted in, they've always been there to begin with.

They now own it, and the merger of NTL/telewest was bassically if they're honest NTL taking over telewest and NTL guys run the thing. We both obviously have an amount if inside knowledge but I think I know more than you.

thenry 06-02-2013 02:31

Re: Virgin up for sale?
 
is it not standard practice to send new owner in along with his or her selected people ? unless of course agreements are signed during takeover to keep the old going which i doubt very much. if theres heads that know one another then great. itll make for a smooth'ish switch.

Horizon 06-02-2013 02:36

Re: Virgin up for sale?
 
....of course, there will no doubt be management team reporting back to Malone. But the point I was trying to make to the other poster, is Liberty ain't a new owner. They are a very old one which have been invloved in uk cable for almost 30 years, not 20 as I said before.

thenry 06-02-2013 02:40

Re: Virgin up for sale?
 
they havent had a say in whats gone on during VMs reign though ?

Bogof 06-02-2013 02:45

Re: Virgin up for sale?
 
Quote:

Originally Posted by Horizon (Post 35532743)
....of course, there will no doubt be management team reporting back to Malone. But the point I was trying to make to the other poster, is Liberty ain't a new owner. They are a very old one which have been invloved in uk cable for almost 30 years, not 20 as I said before.

They understand the cable industry, but the UK is crazy competitive and a very unique market.

---------- Post added at 01:45 ---------- Previous post was at 01:42 ----------

Quote:

Originally Posted by thenry (Post 35532745)
they havent had a say in whats gone on during VMs reign though ?

If they had any input over Virginmedia the TiVo deal would never of happened, I thought horizon had a clue... But with every post I'm thinking he hasn't.

Horizon 06-02-2013 02:45

VM Confirms Liberty Takeover
 
Quote:

Originally Posted by thenry (Post 35532745)
they havent had a say in whats gone on during VMs reign though ?

As far as I know, no. Because the old Telwest company, as was, went bust and was bought up by the banks and other bondholders.

Oh, VM has just announced on their website, that subject to shareholder approval, that Liberty Global will buy Virgin Media.

Liberty Global will become a subsidary of a new UK company and the Virgin Media name will remain.

knack 06-02-2013 03:55

Re: Virgin up for sale?
 
Quote:

Originally Posted by Bogof (Post 35532720)
Lol you guys need a reality check NOTHING is going to change anytime soon. If you think it will be a change as fast as the virgin media thing you're all very wrong.

The Virginmedia thing was NTL/Telewest rebranding after a successful merger of 2 UK cable companies. What's happening now is very very different. You won't see any change for a longtime. Virginmedia have commitments to Virgin group and TiVo that they can't just drop.

Maybe you want to retract this comment in that case?

Quote:

Originally Posted by Bogof (Post 35532666)
I think the TiVo will go,the new owners will probably by 1 or 2 STB's (Or replace them with kit they already use around Europe ) and roll them out to all areas. The more they buy the bigger the discounts and the easier it is for repairs and faults etc.


Bogof 06-02-2013 03:59

Re: Virgin up for sale?
 
Quote:

Originally Posted by knack (Post 35532763)
Maybe you want to retract this comment in that case?

Nope, ultimately TiVo will go but nothing will happen for a while yet.

Russ 06-02-2013 07:29

Re: Virgin up for sale?
 
Quote:

Neil Berkett, chief executive of Virgin Media said "the combined company will be able to grow faster and deliver enhanced returns by capitalizing on the exciting opportunities that the digital revolution presents, both in the UK and across Europe"
Good to see he's getting ready for plenty of pointless Americanisms.

Mr Banana 06-02-2013 08:23

Re: Virgin up for sale?
 
Quote:

Originally Posted by Bogof (Post 35532739)
They now own it, and the merger of NTL/telewest was bassically if they're honest NTL taking over telewest and NTL guys run the thing. We both obviously have an amount if inside knowledge but I think I know more than you.


You actually have no inside knowledge at all, you left a long time ago and your post clearly show you have no idea of how things are today.

If you did you would know that all of the directors were put through an assessment centre and only 20 percent of Ntl people secured a role, the rest were telewest people. Since then they have embarked on bringing in people who fit the virgin way and now 80 percent of the senior people are from the virgin recruitment approach

Sirius 06-02-2013 08:32

Re: Virgin up for sale?
 
Quote:

Originally Posted by Bogof (Post 35532764)
Nope, ultimately TiVo will go but nothing will happen for a while yet.

How did you come up with that rubbish.

Mr Banana 06-02-2013 08:34

Re: Virgin up for sale?
 
Quote:

Originally Posted by Russ (Post 35532773)
Good to see he's getting ready for plenty of pointless Americanisms.

Might be a kiwi ism though :)

LondonRoad 06-02-2013 09:22

Re: Virgin up for sale?
 
So do any of you know what sort of track record Liberty have for treatment of staff? Are there likely to be redundancies or an increase in outsourcing to overseas call centres?

I'm just a customer but these things are important. I've known a few people who have worked for VM in Bellshill and Uddingston and they've always struck me as being one of the better call centre employers.

denphone 06-02-2013 09:27

Re: Virgin up for sale?
 
From the press release.

http://news.sky.com/story/1048244/vi...liberty-global

Quote:

Following news of the deal, Liberty Global's chief executive Mike Fries said it would keep Virgin Media's current strategy and content, and would continue to invest in its broadband network.

He added: "Virgin Media will add significant scale and a first-class management team in Europe's largest and most dynamic media and communications market.
Quote:

Virgin Media, whose chief executive Neil Berkett said he would step down if the merger goes through, will continue to operate under this brand in the UK,

Almost five million households in the UK subscribe to Virgin's broadband, television and landline services, and it has around three million mobile phone customers in Britain.

pk1 06-02-2013 09:34

Re: Virgin up for sale?
 
God they sold it quicker than they add channels :Sprint:

denphone 06-02-2013 09:40

Re: Virgin up for sale?
 
Quote:

Originally Posted by pk1 (Post 35532800)
God they sold it quicker than they add channels :Sprint:

They certainly kept it quiet as several days ago nobody knew anything.

Sirius 06-02-2013 09:43

Re: Virgin up for sale?
 
Quote:

Originally Posted by denphone (Post 35532803)
They certainly kept it quiet as several days ago nobody knew anything.

The only people who needed to know we're the only people who knew :LOL:

Itshim 06-02-2013 09:50

Re: Virgin up for sale?
 
Quote:

Originally Posted by denphone (Post 35532803)
They certainly kept it quiet as several days ago nobody knew anything.


Really, I am sure it was an oversight not advising you :D

denphone 06-02-2013 09:54

Re: Virgin up for sale?
 
Quote:

Originally Posted by Itshim (Post 35532808)
Really, I am sure it was an oversight not advising you :D

Oh don't worry about me dear chap as l am often at the bottom of the chain as l know my station in life.:D

pk1 06-02-2013 10:21

Re: Virgin up for sale?
 
Looking at the liberty global website, they seem to be on the same page as virgin as in what they deliver. They will get a boost from having TiVo as it looks like the have Samsung stb's, and reading about the set top boxes they use in the horzions tv offering in some other countries, they have 6 tuners 4 for recording.
http://www.lgi.com/PDF/horizon/horiz...chure-2012.pdf

Looking at the Irish website, similar packages and pricing but with channels that currently are not available to virgin ie sky news hd, MGM hd, but still no sky sports 3/4 in hd.

Lets see what the future brings to uk cable.

Helix 06-02-2013 10:33

Re: Virgin up for sale?
 
Hopefully this will give them more money to invest in the broadband network. They have had years of pretty much having a monopoly when it comes to superfast broadband but they seem to be falling behind a bit now BT have started to catch up.

With BT soon offering faster speeds (although I know you need fibre to the home) than VM and having truly unlimited connections with no STM, Virgin Media have very few selling points except in areas where you can't yet get Infinity.

richard s 06-02-2013 10:50

Re: Virgin up for sale?
 
Like most private companies (especially foreign owned) e.g. gas, electric, water etc., they only want to make huge profits... just recently my energy supplier NPower put my direct debits up to £116 a month from £70 a month without notifying me by letter or email... I was a bit miffed to say the least, especially as I had to email them, then they phoned me and I got it reduced to £80 a month. I dont mind having a bit of credit on my account.

I rather have my money in my bank account then in theirs.


We shall see what the future holds with Liberty... if the prices go up then I shall switch reluctantly to either BT or the Murdoch Empire.

Gavin-D 06-02-2013 10:58

Re: Virgin up for sale?
 
The deal is subject to approvals from regulators and both companies' shareholders, and is expected to close in the second quarter of this year.

Liberty Global will continue to use the Virgin Media brand in the UK.

nodrogd 06-02-2013 11:13

Re: Virgin up for sale?
 
Interesting article just appeared on the Washington Post Website

gba93 06-02-2013 11:23

Re: Virgin up for sale?
 
Quote:

Originally Posted by nodrogd (Post 35532838)
Interesting article just appeared on the Washington Post Website

I was interested in the following quote:

"Liberty said it will relocate its headquarters from the U.S. to the U.K."

--------------------------------------------------------------------------------------------------------------------

Bye the bye shouldn't the ? now be taken off of the thread title ?

BenMcr 06-02-2013 11:40

Re: Virgin up for sale?
 
Quote:

Originally Posted by LondonRoad (Post 35532794)
So do any of you know what sort of track record Liberty have for treatment of staff? Are there likely to be redundancies or an increase in outsourcing to overseas call centres?

As most of Liberty's operations are in non-English speaking countries there isn't anywhere for them to send the calls

Also unlike most mergers, there isn't any duplicated business in the UK for Virgin Media to be merged into either

Itshim 06-02-2013 12:07

Re: Virgin up for sale?
 
Quote:

Originally Posted by BenMcr (Post 35532853)
As most of Liberty's operations are in non-English speaking countries there isn't anywhere for them to send the calls

Also unlike most mergers, there isn't any duplicated business in the UK for Virgin Media to be merged into either

I hope for UK workers you are right. Ireland seems the most likely place if any . Would think that "same" services operating in these two countries would be a starting point to cut costs. :(

BenMcr 06-02-2013 12:12

Re: Virgin up for sale?
 
Quote:

Originally Posted by Itshim (Post 35532859)
I hope for UK workers you are right. Ireland seems the most likely place if any . Would think that "same" services operating in these two countries would be a starting point to cut costs. :(

Virgin Media are significantly bigger than UPC Ireland, so if anything the 'savings' might be the other way around

Arthurgray50@blu 06-02-2013 13:31

Re: Virgin up for sale?
 
according to DS, the deal has been done, so its goodbye VM and hellow Global - BUT still no news or info from VM.

Sirius 06-02-2013 13:37

Re: Virgin up for sale?
 
Quote:

Originally Posted by Arthurgray50@blu (Post 35532888)
according to DS, the deal has been done, so its goodbye VM and hello Global - BUT still no news or info from VM.

Here's a LINK :)

also they have only announced the deal this morning which has not been signed yet by ether company, SO what the hell are you expecting Arthur, give us a few pointers ?

DS are wrong as the deal has NOT been signed over by ether company yet.

Stephen 06-02-2013 13:42

Re: Virgin up for sale?
 
Quote:

Originally Posted by Arthurgray50@blu (Post 35532888)
according to DS, the deal has been done, so its goodbye VM and hellow Global - BUT still no news or info from VM.

What are you talking about? The deal is not DONE, it still has to be finalised and agreed by the VM shareholders.

Also VM will still be the name of the UK cable Company.

mertle 06-02-2013 13:55

Re: Virgin up for sale?
 
Quote:

Originally Posted by gba93 (Post 35532841)
I was interested in the following quote:

"Liberty said it will relocate its headquarters from the U.S. to the U.K."

--------------------------------------------------------------------------------------------------------------------

Bye the bye shouldn't the ? now be taken off of the thread title ?

thats my biggest concern is the loss tax to uk and profits syphoned.

I am in the mind hope its actually blocked to be fair.

Dont see it being good move for UK or its customers.

I did some digging the charges hit this.

55 euros for box and channels. About 47 in sterling at current market. With that the horizon box gets 80 channels.

How is that comparable pricing to VM.

http://informitv.com/news/2012/09/09/libertyonhorizon/

Although this might not be accurate pricing worried we may see big increases in our bills. If that happens Im off.

Sirius 06-02-2013 14:00

Re: Virgin up for sale?
 
Quote:

Originally Posted by mertle (Post 35532899)
thats my biggest concern is the loss tax to uk and profits syphoned.

I am in the mind hope its actually blocked to be fair.

Dont see it being good move for UK or its customers.



Thankfully your knee jerk reaction will have nothing to do with it.

Helix 06-02-2013 14:01

Re: Virgin up for sale?
 
Quote:

Originally Posted by mertle (Post 35532899)
thats my biggest concern is the loss tax to uk and profits syphoned.

I am in the mind hope its actually blocked to be fair.

Dont see it being good move for UK or its customers.

I did some digging the charges hit this.

55 euros for box and channels. About 47 in sterling at current market. With that the horizon box gets 80 channels.

How is that comparable pricing to VM.

http://informitv.com/news/2012/09/09/libertyonhorizon/

Although this might not be accurate pricing worried we may see big increases in our bills. If that happens Im off.

What are the prices of the competition in those countries though? You can't base what they are going to charge in the UK on what they have charged in a completely different market.

Sirius 06-02-2013 14:13

Re: Virgin up for sale?
 
Quote:

Originally Posted by Stephen (Post 35532896)
What are you talking about? The deal is not DONE, it still has to be finalised and agreed by the VM shareholders.

Also VM will still be the name of the UK cable Company.

You can bet there will be some weird and wonderful comments in this thread before the day ends and i think Arthur's was the first. :LOL:

Tarantella 06-02-2013 14:18

Re: Virgin up for sale?
 
Quote:

Originally Posted by gba93 (Post 35532841)
I was interested in the following quote:

"Liberty said it will relocate its headquarters from the U.S. to the U.K."

--------------------------------------------------------------------------------------------------------------------

Bye the bye shouldn't the ? now be taken off of the thread title ?


So will the Patriot act apply to the web browsing of VM customers as well as their emails now?

Sirius 06-02-2013 14:19

Re: Virgin up for sale?
 
Quote:

Originally Posted by Tarantella (Post 35532911)
So will the Patriot act apply to the web browsing of VM customers as well as their emails now?

:rolleyes: ?

Arthurgray50@blu 06-02-2013 14:27

Re: Virgin up for sale?
 
Stephen, l was under the impression that the 'deal' was still be talked about, And l am sure that Libery will change the VM name within six months.

All we need now is for Berkett, to become a director of BT Vision ?

BenMcr 06-02-2013 14:28

Re: Virgin up for sale?
 
Quote:

Originally Posted by Tarantella (Post 35532911)
So will the Patriot act apply to the web browsing of VM customers as well as their emails now?

Nope - and doesn't apply to the emails anyway

http://www.broadbandtvnews.com/2013/...rgin-takeover/

Quote:

Liberty Global is to create a new UK plc as part of its $23.3billion (€17.23 billion) acquisition of Virgin Media.
and
Quote:

As part of the acquisition, Liberty Global will redomicile from Delaware to the UK by becoming a subsidiary of a new holding company, a UK plc. Liberty Global’s current headquarters and other principal offices will remain in place
and
Quote:

Liberty Global will be listed on NASDAQ and the existing board will continue to run the company with the addition of one Virgin Media director. A European listing is also under consideration.
So the same situation as Virgin Media have been in. A UK company compliant with UK laws financed in the US

mertle 06-02-2013 14:28

Re: Virgin up for sale?
 
[QUOTE=Sirius;35532901]
Quote:

Originally Posted by mertle (Post 35532899)
thats my biggest concern is the loss tax to uk and profits syphoned.

I am in the mind hope its actually blocked to be fair.

Dont see it being good move for UK or its customers.



Thankfully you will have nothing to do with it.

This post being edited as ben posted the way company will run



On it might get blocked I mean it got alot hurdles yet. Would be shocked if Murdock wont find way to get ofcom to refuse it.

Helix good point believe there is about 4 large companies then sky.

http://en.wikipedia.org/wiki/Digital...he_Netherlands

BenMcr 06-02-2013 14:30

Re: Virgin up for sale?
 
Quote:

Originally Posted by mertle (Post 35532919)
I going to be honest say all I see is jonny foreigner comes in takes another company abroad. Job losses and the likelyhood we then have less tax returns to HMRC. If I am wrong so be it I am wrong but the outsourcing head office to me sounds worrying.

As I just posted, Liberty is moving to the UK as part of this

mertle 06-02-2013 14:35

Re: Virgin up for sale?
 
Quote:

Originally Posted by BenMcr (Post 35532920)
As I just posted, Liberty is moving to the UK as part of this

thanks ben never say your post before replying to sirius.

Hopefully then that will negate the tax issue to HMRC then will support the takeover if its done.

That was my main beef the only other is prices.

How much will they charge us for there product.

Sirius 06-02-2013 14:38

Re: Virgin up for sale?
 
Quote:

Originally Posted by Arthurgray50@blu (Post 35532916)
Stephen, l was under the impression that the 'deal' was still be talked about, And l am sure that Libery will change the VM name within six months.

All we need now is for Berkett, to become a director of BT Vision ?

Arthur

Your wrong on all counts

Stephen 06-02-2013 14:39

Re: Virgin up for sale?
 
Quote:

Originally Posted by Arthurgray50@blu (Post 35532916)
Stephen, l was under the impression that the 'deal' was still be talked about, And l am sure that Libery will change the VM name within six months.

All we need now is for Berkett, to become a director of BT Vision ?

Have you read the VM press release yet?

It states that the company will still operate seperately as Virgin Media. The name will not be changing anytime soon.

Its a done deal as long as all the shareholders accept it.

mertle 06-02-2013 14:39

Re: Virgin up for sale?
 
Quote:

Originally Posted by BenMcr (Post 35532920)
As I just posted, Liberty is moving to the UK as part of this

sorry edited because say your post thanks though

Itshim 06-02-2013 14:39

Re: Virgin up for sale?
 
Quote:

Originally Posted by Stephen (Post 35532896)
What are you talking about? The deal is not DONE, it still has to be finalised and agreed by the VM shareholders.

Also VM will still be the name of the UK cable Company.

How about using the expression "a done deal" then. Can not see it not happening - can you ?

What the company is called is really a minor point.
What they bring to the table for us, as customers is of far more interest.

So will doing deal this increase the likelihood of more channels :erm: Extra QVC perhaps:p:
Will this increase the BB speeds for existing & new customers.
Will coming soon be a thing of the past - accept for MB ;)
Already stated that -have no plans to push cable out to parts not offered it.
What is the long term future for our beloved TiVo

Stephen 06-02-2013 14:45

Re: Virgin up for sale?
 
Its way too early to answer any of those questions Itshim. The deal will not be completed till about July I would think.

BenMcr 06-02-2013 14:50

Re: Virgin up for sale?
 
Quote:

Originally Posted by Stephen (Post 35532934)
Its way too early to answer any of those questions Itshim. The deal will not be completed till about July I would think.

Although Liberty have already said they have no current plans to change the name or TiVo

http://www.ft.com/cms/s/0/6e390f1a-7...44feab49a.html

Quote:

John Malone’s Liberty Global committed to keeping the Virgin Media brand in the UK as it confirmed an agreed $23.3bn cash and stock bid for the UK cable operator.
Quote:

“I do not see us doing anything in this market that’s meaningfully different from what Virgin’s been doing with respect to premium content,” he said, adding that he remained committed to Virgin Media’s connected TV service, TiVo.

Tarantella 06-02-2013 14:58

Re: Virgin up for sale?
 
Quote:

Originally Posted by BenMcr (Post 35532917)
Nope - and doesn't apply to the emails anyway


Of course the Patriot act applies to emails and to VM's email service which is provided by Google, an American company, with it's HQ in America.

BenMcr 06-02-2013 15:02

Re: Virgin up for sale?
 
Quote:

Originally Posted by Tarantella (Post 35532942)
Of course the Patriot act applies to emails and to VM's email service which is provided by Google, an American company, with it's HQ in America.

However Google has a European HQ in Ireland so has to comply with EU law and America comes under the 'Safe Harbour' agreements http://www.soas.ac.uk/infocomp/dpa/policy/outside/ so any request under the Patriot act would conflict with EU law

Horizon 06-02-2013 15:26

Re: Virgin up for sale?
 
From the live webcast on now:

Neil Berkett to leave, his wish, once the deal is done. Liberty keen to retain the rest of the vm board and use their expertise across the combined group.

Combined company will be world's largest cableco, bigger than Comcast.

Liberty broadly intend to leave vm alone, they won't be changing vm's network, or trying to merge vm's tech with other european operations.

Liberty will use vm's expertise in mobile/quad play across the combined business.

Liberty Global and Vm will become a new UK based company, with HQ still in US and listed on nasdaq.

Liberty to put $3 billion additional debt onto vm's books.....its tax efficient, so they say, for them to do it.

Liberty agree with vm's strategy of not bidding for premium content.

Tarantella 06-02-2013 15:38

Re: Virgin up for sale?
 
Quote:

Originally Posted by BenMcr (Post 35532945)
However Google has a European HQ in Ireland so has to comply with EU law and America comes under the 'Safe Harbour' agreements http://www.soas.ac.uk/infocomp/dpa/policy/outside/ so any request under the Patriot act would conflict with EU law


But "Safe Harbour" is not that "safe".


http://www.zdnet.com/blog/igeneratio...s-eu-data/8805

Smilermal43 06-02-2013 15:48

Re: Virgin up for sale?
 
http://www.lgi.com/PDF/presentations...estor-Call.pdf

Might be worth taking a read through

Itshim 06-02-2013 15:51

Re: Virgin up for sale?
 
Quote:

Originally Posted by Stephen (Post 35532934)
Its way too early to answer any of those questions Itshim. The deal will not be completed till about July I would think.

Whilst -

---------- Post added at 14:51 ---------- Previous post was at 14:50 ----------

Quote:

Originally Posted by Horizon (Post 35532963)
From the live webcast on now:

Neil Berkett to leave, his wish, once the deal is done. Liberty keen to retain the rest of the vm board and use their expertise across the combined group.

Combined company will be world's largest cableco, bigger than Comcast.

Liberty broadly intend to leave vm alone, they won't be changing vm's network, or trying to merge vm's tech with other european operations.

Liberty will use vm's expertise in mobile/quad play across the combined business.

Liberty Global and Vm will become a new UK based company, with HQ still in US and listed on nasdaq.

Liberty to put $3 billion additional debt onto vm's books.....its tax efficient, so they say, for them to do it.

Liberty agree with vm's strategy of not bidding for premium content.


denphone 06-02-2013 15:58

Re: Virgin up for sale?
 
So in other words not much will change in the short term and its just carry on as normal with a steady hand on the tiller.

Horizon 06-02-2013 16:10

Re: Virgin up for sale?
 
Webcast very interesting. A very good presentation from Liberty's boss Mike Fries, a cool, calm person and his 50th birthday today. He called the vm deal "a nice present".

I think and despite what was said in the webcast, its far too early to see what the impact will be on vm and for us as customers.

As Fries said, Liberty do not have a major pressence in the UK, so its not like the ntl/telewest merger, or previous cableco mergers. As far as the UK goes, there's nothing to merge. The wider picture, though, is unclear.

Fries pointed that the European market is fragmented and underperforming and I believe he intends to use VM as best practice across all of Liberty's operations in Europe. As an example, Liberty has a lot of analogue subscribers and they're keen to learn from virgin how vm did things here.

US billionaire John Malone, major shareholder in Liberty, arch rival to Murdoch, had little to say.

To all, intents and purposes, Fries is now VM boss and in charge of UK cableco but whatever name it will be called. He said the VM name will remain but of course he also said that Liberty will redomocile to the UK and become a subsidary of a new, as yet unnamed company.

I think, long term, Liberty's operations will come under one brand, whether that be Virgin (I think not), UPC, Cablecom, Unity Media etc time will tell.

Liberty keen to buy more european assets.

---------- Post added at 15:10 ---------- Previous post was at 15:07 ----------

Quote:

Originally Posted by denphone (Post 35532983)
So in other words not much will change in the short term and its just carry on as normal with a steady hand on the tiller.

That's my impression, yes. Liberty are very happy with vm and how its set up.

As I tried saying to a poster last night, Liberty have been involved in uk cable for a long, long time. They know what's what and it won't be UPC guys telling vm what to do, but probably the other way around by all accounts.

MalteseFalcon 06-02-2013 16:22

Re: Virgin up for sale?
 
So basically, they spend a few billion on purchasing Virgin and hen can't be bothered to do anything to improve on the product? Great. Way to waste a few billion dollars.

BenMcr 06-02-2013 16:24

Re: Virgin up for sale?
 
Quote:

Originally Posted by MarkC1984 (Post 35532994)
So basically, they spend a few billion on purchasing Virgin and hen can't be bothered to do anything to improve on the product? Great. Way to waste a few billion dollars.

They said no such thing. What they have said is they see no reason to change the improvement plan Virgin Media are already on

mertle 06-02-2013 16:27

Re: Virgin up for sale?
 
Quote:

Originally Posted by denphone (Post 35532983)
So in other words not much will change in the short term and its just carry on as normal with a steady hand on the tiller.


raises more questions of why has malone taken over the company if he not looking to progress it.

Another is now planned operational upgrades will they still go ahead or be shelved.

Said in my post I was wary of rejoicing its always case of careful what you wish for. VM and NTL before where no angels but now fearful future of VM.

Worry is this 3bn extra debt just for the privelage new owners, where its come from liberty accounts?. Why berkett wanting out, does he have issues. Will he spill beans what he dont like.

Horizon 06-02-2013 16:28

Re: Virgin up for sale?
 
Quote:

Originally Posted by MarkC1984 (Post 35532994)
So basically, they spend a few billion on purchasing Virgin and hen can't be bothered to do anything to improve on the product? Great. Way to waste a few billion dollars.

There seems to be two main aims:

Vm, because of its debt and the way its set up is VERY tax advantageous. You don't pay corp tax, so liberty have kindly "handed" vm $3 of their debt.

Liberty want to use vm's expertise across its whole business, ie they don't have a mobile business of any worth. Vm do.

Liberty said they will continue to invest in vm's network.

denphone 06-02-2013 16:31

Re: Virgin up for sale?
 
Windall for 4000 Virgin Media staff after Liberty Global deal.

http://www.telegraph.co.uk/finance/n...obal-deal.html

Quote:

More than 4000 staff at Virgin Media will share in a major windfall after the company’s sale to US cable television giant Liberty Global, including boss Neil Berkett who will take more than $65m (£41.5m) off the table.

Horizon 06-02-2013 16:34

Re: Virgin up for sale?
 
...that's why he's leaving, eyeing up that new yacht he saw the other day.:)

Itshim 06-02-2013 16:34

Re: Virgin up for sale?
 
Quote:

Originally Posted by MarkC1984 (Post 35532994)
So basically, they spend a few billion on purchasing Virgin and hen can't be bothered to do anything to improve on the product? Great. Way to waste a few billion dollars.


Load with debt, move tax liability. take the profit.:cool: Seems like a plan to me. Unless you really thought they were worried that the poor British public were getting a raw deal & it was time that they stepped in to put it all right:D

I had hoped a few things might have changed - but it was/is hope over experience. I stand by my thoughts that jobs will go ( somewhere in the known universe ):dozey:

Do QVC still belong to them ? perhaps if so we can look forward to the extra channels that offers :shocked:

denphone 06-02-2013 16:45

Re: Virgin up for sale?
 
Oh dear Itshim you do seem to have taken quite a negative stance on all this and thats before the deal is completed so one wonders will you ever be happy with your lot dear chap.

Jameseh 06-02-2013 16:51

Re: Virgin up for sale?
 
How could Virgin realistically improve the product? A few channels with a better PQ and Sky Atlantic? It's pretty damn good at the moment.

denphone 06-02-2013 17:04

Re: Virgin up for sale?
 
And there are further HD channels on their way in the next week or two according to MB.


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