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Old 05-08-2008, 13:44   #16
Stephen
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Age: 45
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Re: Virgin 'to sell' business division

Quote:
Originally Posted by tvtimes View Post
I would have thought this was always on the cards considering they didn't rebrand the business sector too. It was very strange how they almost kept it as a seperate entity.!
The reason for keeping Business as NTL: Telewest was due to Virgin never having been in the Business 2 Business market before and weren't too sure if it would work. Although its NTL: Telewest Business(Part of Virgin Media) I am still employed by VM and have an @Virginmedia email address.


Quote:
Originally Posted by tvtimes View Post
So they want to concentrate on residential aspects of the business? That can only be good news. £600m is a lot of money and if they manage to sell off their UKTV arm aswell, well they stand to make a ridiculous amount of money from that too. They might use the money to upgrade areas stuck in the dark ages! Here's hoping! Or they might invest it in other areas like IPTV or customer services etc who knows but they must be trying to free up some capital for something.
Well IPTV is something that will be launching within the next year I think.
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