US Cable Giant Liberty Global buys Virgin Media - Page 19

Stephen · 07-02-2013, 17:33

Quote:

Originally Posted by Media Boy

I think the Virgin Media HQ (Not the UK one) in the good old USA will close as part of this deal with Virgin Media new owners.

VM only has one HQ and its in Hook. There is no US based office for VM.

mertle · 07-02-2013, 17:55

Quote:

Originally Posted by Itshim

As stated by myself & others here it all about the "money"
http://www.ft.com/cms/s/0/6e390f1a-7...#axzz2KDkCVvIR

This what worries me anyway took liberty to use another link cant read FL.

http://www.euroinvestor.com/news/201...arket/12196832

Now even experts say this risky move. With economic climate we face this really big risk.

Interesting this coment by rating agency

Quote:

The bonds and loans will all be on the balance sheet of Virgin Media, the acquired company, increasing its debt by more than $3 billion. Ratings company Standard & Poor's Corp. Wednesday put Virgin Media's BB rating on observation for a possible downgrade, due to the additional debt which will be on the company.
Conversely, it put Liberty Global's B- rating on observation for a possible upgrade, as a consequence of the integration of the "large and highly cash-generative operations" of Virgin Media into Liberty Global's structure.

I shocked leverage asset purchasing is still allowed. Do banks learn. What happens if it defaults or uk investers wary wont get involved.

Quote:

Virgin Media plans to sell two bonds, in sterling and dollars, for a total of 2.3 billion pounds ($3.62 billion) equivalent, making this the biggest single bond sale of junk debt from Europe since late 2010, according to data compiled by Dealogic.
The company plans to sell roughly the same amount in sterling and dollars, posing a major test for European investors' capacity,

Pierre · 07-02-2013, 18:27

Quote:

Originally Posted by Stephen

VM only has one HQ and its in Hook. There is no US based office for VM.

You should never make statements of fact when you're not in possession of the facts.

VMs New York office is

6th Floor
65 Bleeker Street
New York
NY 10012

VM have always had a base in New York as did NTL before it.

Stephen · 07-02-2013, 19:03

It may be an office but its not VMs head office or HQ that is Hook.

Pierre · 07-02-2013, 19:14

Quote:

Originally Posted by Stephen

It may be an office but its not VMs head office or HQ that is Hook.

Yes but you said

Quote:

Originally Posted by Stephen

There is no US based office for VM.

Just putting you right

dcclanuk · 07-02-2013, 21:23

Quote:

Originally Posted by Chris

Yes, but you always have to make debt repayments whereas you can withhold dividends if need be. NTL's problem throughout the late 90s and early noughties was that it had too much debt, such that there wasn't any money for important investments that were essential to keep the offering fresh and appealing to customers.

Yes you do not have to make dividend payments, but surely most companies exist and make profits (otherwise it would be useless to be in business) and so the interest deduction is a better/more profitable option?

**Maggy** · 07-02-2013, 21:36

Quote:

Originally Posted by Pierre

Yes but you said

Just putting you right

http://www.964eagle.co.uk/news/busin...ffice-is-safe/

http://www.virginmediabusiness.co.uk...ice-locations/

http://en.wikipedia.org/wiki/Virgin_Media

Quote:

Virgin Media Inc. is a company which provides fixed and mobile telephone, television and broadband internet services to businesses and consumers in the United Kingdom. Its executive office is in New York City, United States and its operational headquarters are in Hook, United Kingdom.

Pointless argument hopefully averted.

Pierre · 07-02-2013, 21:53

Quote:

Originally Posted by Maggy J

http://www.964eagle.co.uk/news/busin...ffice-is-safe/

http://www.virginmediabusiness.co.uk...ice-locations/

http://en.wikipedia.org/wiki/Virgin_Media

Pointless argument hopefully averted.

Non of which is contradictory to what I've said???

**Maggy** · 07-02-2013, 22:00

Quote:

Originally Posted by Pierre

Non of which is contradictory to what I've said???

No but it's not contradictory to what others have said either.So lets leave the pointless but off topic argument alone.

Pierre · 07-02-2013, 23:32

Quote:

Originally Posted by Maggy J

No but it's not contradictory to what others have said either.

Yes it is,

Look, this will be my final post on this.

A statement was made

Quote:

There is no US based office for VM

this was incorrect. As there is an office in New York.

And that is it. All that needed to be said was "oh really, I was unaware" or nothing at all.

Then you weigh in, posting nothing of use.

Better if you had stayed out of it.

Pointless argument? Maybe, but can't any of just accept you're wrong once in a while and move on?

passingbat · 08-02-2013, 00:08

Quote:

Originally Posted by Pierre

Yes it is,

Look, this will be my final post on this.

A statement was made this was incorrect. As there is an office in New York.

And that is it. All that needed to be said was "oh really, I was unaware" or nothing at all.

Then you weigh in, posting nothing of use.

Better if you had stayed out of it.

Pointless argument? Maybe, but can't any of just accept you're wrong once in a while and move on?

That is the case.

Sirius · 08-02-2013, 07:30

We were all chatting in work about this at dinner yesterday and the consensus is its a good move.

MaverickJesus · 08-02-2013, 09:06

A deal which results in an extra $3bn of leveraged debt on VM's books, also causing a credit watch note for potential downgrade, is a good move?

Do you want to buy some magic beans?

http://www.ft.com/cms/s/0/6e390f1a-7...#axzz2KIERWWX2

GrimUpNorth · 08-02-2013, 09:13

Quote:

Originally Posted by Sirius

We were all chatting in work about this at dinner yesterday and the consensus is its a good move.

I hope you're right. I suppose it all depends how 'hands off/on' Liberty are.

I've no idea how much Cisco charge for the bits of kit that go in the 'exchanges' but I imagine their not quite an off the shelf item so how much discount is available for bulk prchases. CPE bits however I'm sure could be considerably cheaper if you've >20 million customers than 5 million.

Rival TV companies might be more willing to do business with a pan-european company than national comapny, but do English language channels do as well in Europe as foreign language channels do here? I know there are such things as subtitles and dubbing but I'd imagine the cost of multilingal subtitles is quite expensive.

So I think what I'm trying to say is that there could well be a positive impact on the technoligy and less on the TV channels, but an improved more robust future proofed network can't be a bad thing.

Cheers

Grim

08-02-2013, 10:15

Quote:

Originally Posted by MaverickJesus

A deal which results in an extra $3bn of leveraged debt on VM's books, also causing a credit watch note for potential downgrade, is a good move?

Do you want to buy some magic beans?

http://www.ft.com/cms/s/0/6e390f1a-7...#axzz2KIERWWX2

Liberty have been around for a long time, so reckon thay know what they are doing. I would also add that the existing shareholders who get cash and shares in the new company wil not enter into a deal that will lose them money.