Virgin Media to build again

[1andrew1]

Originally Posted by Ignitionnet

Okay! There are about 0.7 million premises within 20m of existing network so best guess is that these distances refer to where builds are to start. So you have a 1,500 premises estate and the edge is within 50m the build starts within 50m.

Makes sense to me anyways. Sadly suspect I am still out of luck but c'est la vie.

Once those teams have done the closer places with a great return then they might be tempted to look at your area before disbanding the team. I guess it depends on how successful they are in signing up customers. Couldn't they use your house as a training exercise?

[carbon60]

Would someone mind adding this news to the front page?

It hasn't been updated for nearly a year now and surely this deserves to be on the front page.

[tvtimes]

Originally Posted by Pierre

? When.

There were 600 mainly management roles went about a year ago.

And many of those were given fantastic packages

I'm pretty sure if 3000 had gone I'd have remembered it.

Over the last couple of years there has been thousands of jobs go at VM.

---------- Post added at 18:10 ---------- Previous post was at 17:42 ----------

Originally Posted by Mr Banana

What debt constraints? LG are incredibly good at managing debt and raising finance. In the last 18 months alone, they have bought VM for 16billion, Ziggo for 9.4 billion, 481 million for stake in ITV, 183 million euros sorting out some competition stuff in Germany, announced 3 billion VM investment and on top of all that they are in the middle of a 3 year plan to buy back 6.5 billion dollars worth of shares.

Yes they have loads of debt but it's mangagable debt

They are very canny in what they invest in and even if the slate was wiped clean, I doubt they would invest in rural areas.

But it's still debt, there's just good at moving it around.
They won't be cabling the rest of the nation any time soon if at all. These little roll outs and trials are a drop in the ocean compared to what's needed. They can't just keeping piling on more and more debt when there is no guarantee of a return. It's look like they are living beyond their means. I understand they are a LG are a humongous company and can service the debt by spreading it out amongst their other companies but it looks like they are spending money where they don't need to?

[Pierre]

Originally Posted by tvtimes

Over the last couple of years there has been thousands of jobs go at VM.

No there hasn't

These little roll outs and trials are a drop in the ocean compared to what's needed. They can't just keeping piling on more and more debt when there is no guarantee of a return. It's look like they are living beyond their means. I understand they are a LG are a humongous company and can service the debt by spreading it out amongst their other companies but it looks like they are spending money where they don't need to?

Quite obviously, you haven't got a clue what you're talking about.

Originally Posted by tvtimes

Over the last couple of years there has been thousands of jobs go at VM.

---------- Post added at 18:10 ---------- Previous post was at 17:42 ----------



But it's still debt, there's just good at moving it around.
They won't be cabling the rest of the nation any time soon if at all. These little roll outs and trials are a drop in the ocean compared to what's needed. They can't just keeping piling on more and more debt when there is no guarantee of a return. It's look like they are living beyond their means. I understand they are a LG are a humongous company and can service the debt by spreading it out amongst their other companies but it looks like they are spending money where they don't need to?

Oh, ok then, you clearly know better than them. Maybe you should get in touch with Mike Fries and offer your substantial financial knowledge to him, on a consultancy basis.

[Ignitionnet]

Originally Posted by 1andrew1

Once those teams have done the closer places with a great return then they might be tempted to look at your area before disbanding the team. I guess it depends on how successful they are in signing up customers. Couldn't they use your house as a training exercise?

I have been speaking with people and have another angle of attack in mind.

[1andrew1]

Originally Posted by tvtimes

Over the last couple of years there has been thousands of jobs go at VM.

Saying something doesn't make it correct, you need to prove it.
The employee numbers for Virgin Media Ltd per their accounts are:
31/12/2013 14,074 (Change +722)
31/12/2012 13,352 (Change +265)
31/12/2011 13,087 (Change -206)
So, there have not been thousands of net job losses. What are your figures?

---------- Post added at 23:33 ---------- Previous post was at 23:30 ----------

Originally Posted by tvtimes

But it's still debt, there's just good at moving it around. They won't be cabling the rest of the nation any time soon if at all. These little roll outs and trials are a drop in the ocean compared to what's needed. They can't just keeping piling on more and more debt when there is no guarantee of a return. It's look like they are living beyond their means. I understand they are a LG are a humongous company and can service the debt by spreading it out amongst their other companies but it looks like they are spending money where they don't need to?

What is your business case that says they won't earn the money back? Their lenders have been convinced to the tune of £3bn that they are correct. VM have published their case and I've summarised it earlier in this thread.

---------- Post added at 23:34 ---------- Previous post was at 23:33 ----------

Originally Posted by Ignitionnet

I have been speaking with people and have another angle of attack in mind.

Cool, good luck.

[qasdfdsaq]

Originally Posted by 1andrew1

Saying something doesn't make it correct, you need to prove it.
The employee numbers for Virgin Media Ltd per their accounts are:
31/12/2013 14,074 (Change +722)
31/12/2012 13,352 (Change +265)
31/12/2011 13,087 (Change -206)
So, there have not been thousands of net job losses. What are your figures?

Nobody said net job losses. A net change of +700 doesn't discount the possibility they fired 10,000 staff and hired 10,700 new ones. There may be a net gain despite also having several thousand ****ed off unemployed people who got fired.

[Pierre]

Originally Posted by qasdfdsaq

A net change of +700 doesn't discount the possibility they fired 10,000 staff and hired 10,700 new ones.

But they didn't, so it doesn't matter.

[tvtimes]

Originally Posted by Mr Banana

Oh, ok then, you clearly know better than them. Maybe you should get in touch with Mike Fries and offer your substantial financial knowledge to him, on a consultancy basis.

Will do, thanks for the pointer, do you have his contact details?

---------- Post added at 09:15 ---------- Previous post was at 09:14 ----------

Originally Posted by 1andrew1

Saying something doesn't make it correct, you need to prove it.
The employee numbers for Virgin Media Ltd per their accounts are:
31/12/2013 14,074 (Change +722)
31/12/2012 13,352 (Change +265)
31/12/2011 13,087 (Change -206)
So, there have not been thousands of net job losses. What are your figures?

---------- Post added at 23:33 ---------- Previous post was at 23:30 ----------

What is your business case that says they won't earn the money back? Their lenders have been convinced to the tune of £3bn that they are correct. VM have published their case and I've summarised it earlier in this thread.

---------- Post added at 23:34 ---------- Previous post was at 23:33 ----------

Cool, good luck.

A quick Google search is your friend. 2200 for instance. Huge numbers were laid off, even if they were replaced in other departments.

---------- Post added at 09:16 ---------- Previous post was at 09:15 ----------

Originally Posted by qasdfdsaq

Nobody said net job losses. A net change of +700 doesn't discount the possibility they fired 10,000 staff and hired 10,700 new ones. There may be a net gain despite also having several thousand ****ed off unemployed people who got fired.

Exactly right.

---------- Post added at 09:19 ---------- Previous post was at 09:16 ----------

Originally Posted by 1andrew1

[/COLOR]What is your business case that says they won't earn the money back? Their lenders have been convinced to the tune of £3bn that they are correct. VM have published their case and I've summarised it earlier in this thread.[COLOR="Silver"]

---------- Post added at 23:34 ---------- Previous post was at 23:33 ----------

Like I said, £3bn is small compared to the mass investment they would need to really expand. They are effectively plugging in the gaps of their network with this £3bn they have quoted.

[Pierre]

Originally Posted by tvtimes

A quick Google search is your friend. 2200 for instance. Huge numbers were laid off, even if they were replaced in other departments.

Link?

---------- Post added at 09:30 ---------- Previous post was at 09:23 ----------

Don't bother just did a Google search. The story of 2,200 jobs is from 2008 a 7 years ago not
The last couple of years.

Originally Posted by tvtimes

Over the last couple of years there has been thousands of jobs go at VM.

[tvtimes]

http://commsbusiness.co.uk/news/virg...unce-job-cuts/
http://www.lbc.co.uk/major-job-losse...gin-media-5553

The there are the departments at Cable Plaza, where sales, customer service, SOC etc were either laid off or told to travel all the way to Birmingham.

---------- Post added at 09:32 ---------- Previous post was at 09:30 ----------

Originally Posted by Pierre

Link?

---------- Post added at 09:30 ---------- Previous post was at 09:23 ----------

Don't bother just did a Google search. The story of 2,200 jobs is from 2008 a 7 years ago not
The last couple of years.

If you read it properly, you would have seen that the majority of those jobs went in 2010 although announced in 2008. So very much relevant and doesn't detract from the fact that thousands have lost their jobs!

[denphone]

As far as l can see they announced 2200 jobs cuts in 2008 plus Virgin Media were to cut 600 top and middle management posts from 2013.

http://news.bbc.co.uk/1/hi/business/7722644.stm

http://www.theguardian.com/media/201...nagement-posts

[Pierre]

Originally Posted by tvtimes

If you read it properly, you would have seen that the majority of those jobs went in 2010 although announced in 2008. So very much relevant and doesn't detract from the fact that thousands have lost their jobs!

I did read it and it's irrelevant, a story from 7 years ago when VM was first formed. Is not the last couple of years and does not back up you assertion in any way.

Just goes further to prove that you make statements that are uninformed or just plain wrong and add nothing to the discussion.

Originally Posted by tvtimes

http://commsbusiness.co.uk/news/virg...unce-job-cuts/
http://www.lbc.co.uk/major-job-losse...gin-media-5553

The there are the departments at Cable Plaza, where sales, customer service, SOC etc were either laid off or told to travel all the way to Birmingham.

---------- Post added at 09:32 ---------- Previous post was at 09:30 ----------



If you read it properly, you would have seen that the majority of those jobs went in 2010 although announced in 2008. So very much relevant and doesn't detract from the fact that thousands have lost their jobs!

You originally said, thousands of jobs in the last couple of years. You are wrong, it was 600 as announced when LG bought Virgin Media.