Quote:
Originally Posted by MarkC1984
So basically, they spend a few billion on purchasing Virgin and hen can't be bothered to do anything to improve on the product? Great. Way to waste a few billion dollars.
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There seems to be two main aims:
Vm, because of its debt and the way its set up is VERY tax advantageous. You don't pay corp tax, so liberty have kindly "handed" vm $3 of their debt.
Liberty want to use vm's expertise across its whole business, ie they don't have a mobile business of any worth. Vm do.
Liberty said they will continue to invest in vm's network.