Quote:
Originally Posted by popper
just for information more that anything.
its rather common that people mix these up, but infact the Virgin group do not own the Vigin Media cable company.
ntl/tw/etc are still the same old companys rolled in to one, the ntl/tw US board infact licenced the Vigin brand name from the Virgin group for a 20 year lease , and someone inside ntl/tw slaped the Media on the end hence 'Virgin Media'
they also pay RB a seperate retainer for acting as their figurhead and call him out when the need arises.
so while RB and his the Virgin group are one of the largest shareholders in VM they dont have the seat on the board,or run the cable/uk mobile company.
HOWEVER given the Virgin group own the V brand name, the ntl/tw US board of directors are infact bringing the virgin brand into disrepute(sp) and it seems reasonable that there will be clauses in the signed contract forbiding this, so the Virgin group must be interested in anything such as this VM ISP Phorm deal....
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Hi Popper,
Thanks for clarifying that, I did know that Virgin put their names to things without having a direct input, as IIRC when they sold the Virgin Megastores to a French company there was some sort of deal for them to keep the Virgin name for a period of time. After seeing the VM link on that Virgin site I thought they had more input than they seem to have.
