Quote:
Originally Posted by Verizon
.....once the 6 billion debt is gone, then yes I'd agree. But as they, vm, has delayed yet again paying off a tranche of that debt until 2018, it's a long slog yet.
I know of no other UK company that has been in debt for so long and with such a huge amount of debt and stayed solvent. I guess VM have very tolerable shareholders these days and for keeping them at bay, Berkett and co should be applauded.
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Thing is though most companies that have that amount of huge debt don't have near the same amount of subscribers that VM have. VM have a guaranteed income and so are able to delay repayments and remain profitable. Most companies rely on selling something without the much needed monthly incomes and have to win big contracts to stay afloat.