Quote:
Originally Posted by willas00
I've allways been under the impression that Virgin Media was owned by Sir Richard Branson or he has Shares in the company. I've never been certain and can't back up what im saying to say if its true or false.
However I was at work Yesterday and one of the Security Guards said he used to work for Virgin Media as an Engineer and said to me that its owned by NTL:Telewest still but uses the Virgin brand so Sir Richard Branson gets paid a loyalty fee.
Which of course would be correct either way but could someone confirm whats true and not in regards to who owns the company.
Thanks
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Your Security Guard is quite right, NTL and Telewest are there but with a new name, Virgin Media lease the use of the name from Virgin and Richard Branson owns only 10% of the business but it is the biggest single owned portion.
Remember when a Snickers bar used to be called a Marathon bar its just a re branding exercise.