Quote:
Originally Posted by slowcoach
First, VM, negotiated their current loans before the credit crunch became evident, renegotiating when the loan period ends is going to be a real problem, VM will have to show tangible improvements to their, so far, lacklustre performance in order for even the most enthusiastic lender to give them a second look.
Sky has the best TV/Movies contracts sewn up leaving VM the option of being a reseller with all the pitfalls that entails, being held to ransom on price etc..
|
All too late for me I'm afraid... phones, bb, mobile the lot. All with new providers.
Virgin Media seem to be in real trouble at the moment.
Lots of complaints about Phorm, no answers.
STM is hurting people who are paying for premium broadband badly.
They're trying to raise $1Bn in 'senior notes' ... which (to a non finance man like me) sounds like a very big mortgage.
And I gather from
an article in the Telegraph Virgin Media might even suffer the indignity of flogging their own channels to someone else;
"Liberty Global, the international cable business chaired by US media tycoon John Malone, is considering bidding for Virgin Media's television channels.
Virgin Media chief executive Neil Berkett has asked Goldman Sachs to review its channels business, which has been valued at £800m. The most likely outcome is thought to be a sale."
So its not looking at all good.