US Cable Giant Liberty Global buys Virgin Media

[Sirius]

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

I work for the company you dont, we see what it means from an internal view.

Keep it civil...

[sollp]

Originally Posted by Sirius

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

Yes totally agree, same here

Originally Posted by Sirius

I work for the company you dont, we see what it means from an internal view.

This is a great deal for Liberty, this is not a great deal for Virginmedia. I'm thinking sub-prime. Virginmedias share price increased, credit rating increased, income increased, cash increased, churn decreased,- and now they've been bought out in a debt financed deal that sees VM increase its debt by almost 3 billion/

[Chad]

Originally Posted by Bogof

This is a great deal for Liberty, this is not a great deal for Virginmedia. I'm thinking sub-prime. Virginmedias share price increased, credit rating increased, income increased, cash increased, churn decreased,- and now they've been bought out in a debt financed deal that sees VM increase its debt by almost 3 billion/

So what?

Originally Posted by Bogof

This is a great deal for Liberty, this is not a great deal for Virginmedia. I'm thinking sub-prime. Virginmedias share price increased, credit rating increased, income increased, cash increased, churn decreased,- and now they've been bought out in a debt financed deal that sees VM increase its debt by almost 3 billion/

If it wasn't a good deal for vm, the shareholders would not accept it?

[Sirius]

Originally Posted by Top banana

If it wasn't a good deal for vm, the shareholders would not accept it?

Indeed and the staff would not be buzzing about it. This is a good deal and VM will get stronger by it.

[saabmania2]

Hello again Sirius,
Long time since I've been around properly

The problem is (after reading through all 20 pages of posts) is that everyone seems to be guessing on what will/might/could happen and nobody really knows, Liberty wouldn't be buying a company like VM and then divulge all their plans to all and sundry especially to idiots like me.

Most VM staff like yourself will have a different slant on the takeover as they will know more and have a better understanding of what has/will and is going to happen.

IMO from what my head tells me it will be a good deal for many reasons for VM customers but we will just have to wait and see

anyway as a long standing happy VM/NTL & Nynex customer I'm just going to sit back watch and learn more on a subject I know little or nothing about, and will just see what happens when it gets reported by yourself or other VM guys on here.
and thanks for your help & advise in the past.

[Sirius]

Originally Posted by saabmania2

Hello again Sirius,
Long time since I've been around properly

The problem is (after reading through all 20 pages of posts) is that everyone seems to be guessing on what will/might/could happen and nobody really knows, Liberty wouldn't be buying a company like VM and then divulge all their plans to all and sundry especially to idiots like me.

Most VM staff like yourself will have a different slant on the takeover as they will know more and have a better understanding of what has/will and is going to happen.

IMO from what my head tells me it will be a good deal for many reasons for VM customers but we will just have to wait and see

anyway as a long standing happy VM/NTL & Nynex customer I'm just going to sit back watch and learn more on a subject I know little or nothing about, and will just see what happens when it gets reported by yourself or other VM guys on here.
and thanks for your help & advise in the past.

Your most welcome.

As i have pointed out, the members of staff i have spoken to in the dept i work in seem to be buzzing about this, we don't see there being many changes in the area we work in, we are not front line or customer facing and just get on with planning business and network upgrades. What we do see is a much larger company with a better ability to supply what we are asked to supply. The doom merchants on this forum and those with a vested interest to support Sky because they work for them will say different. They don't work for VM on a daily bases and mainly comment from that big chip on there shoulder.

[MaverickJesus]

And you don't have a vested interest in supporting VM? You are about as biased as you can get, short of Neil Berkett himself rocking up and joining in the discussion.

Originally Posted by MaverickJesus

And you don't have a vested interest in supporting VM? You are about as biased as you can get, short of Neil Berkett himself rocking up and joining in the discussion.

He is an employee, so isn't it logical he is supportive of the company he works for.

Why is that a problem?

[denphone]

Originally Posted by MaverickJesus

And you don't have a vested interest in supporting VM? You are about as biased as you can get, short of Neil Berkett himself rocking up and joining in the discussion.

l see you don't like balance then as he is just giving the other side of a reasonable debate and l see nothing wrong with that.

[devilincarnate]

Originally Posted by MaverickJesus

And you don't have a vested interest in supporting VM? You are about as biased as you can get, short of Neil Berkett himself rocking up and joining in the discussion.

I used to work for O2 but was a customer of T-mobile and Orange. I never stood up for the company as when people asked me my opinion they got the truth ( that was in the Buisness depat or just general customer service )

[peteh]

I was under the impression part of the aquiring vm was marketing as liberty advertise as the worlds largest cable provider and this deal sort of cements that statement for the time being

They are pretty far spread internationally, Europe is not a new market to them... if they re-invest just a little in the infrastructure they could blow bt and sky out of the water completely in terms of internet services, and the financial muscle to do it is definatly there

Like many things here.. the uk is literally screaming out for investment in its infrastructure at every corner

I was surprised to see Liberty-cable only have 25 million customers over 14 countries with 50 million homes passed, well I guess it's 62 million million homes passed now they own Virginmedia. But yet Sky have 12 million customers in 1 country.