VM going down the Openreach route
16-02-2024, 15:57
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#1
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The Dark Satanic Mills
Join Date: Dec 2003
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VM going down the Openreach route
https://news.virginmediao2.co.uk/vir...tco-in-the-uk/
Only to be expected, I suppose. Will probably be used as vehicle to leverage debt against.
It can also be used a vehicle to sell the network and lease back.
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Last edited by Pierre; 16-02-2024 at 16:01.
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16-02-2024, 16:12
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#2
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Grumpy Fecker
Join Date: Jul 2007
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Re: VM going down the Openreach route
Quote:
Originally Posted by Pierre
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Not your second option from debating this news today around the water cooler.
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16-02-2024, 16:15
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#3
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The Dark Satanic Mills
Join Date: Dec 2003
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Re: VM going down the Openreach route
Quote:
Originally Posted by Sirius
Not your second option from debating this news today around the water cooler.
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It's a very common thing.
Virgin already has a "Propco" which groups all their technical sites.
Mobile operators set up "mastcos" etc
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The wheel's still turning but the hamsters dead.
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16-02-2024, 16:18
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#4
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laeva recumbens anguis
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Re: VM going down the Openreach route
Quote:
Originally Posted by Pierre
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The link states
Quote:
The entity, which will be a fully consolidated subsidiary of Virgin Media O2 and have a neutral impact on the company’s leverage and credit structure
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16-02-2024, 16:23
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#5
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Grumpy Fecker
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Re: VM going down the Openreach route
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16-02-2024, 16:48
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#6
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The Dark Satanic Mills
Join Date: Dec 2003
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Re: VM going down the Openreach route
Quote:
Originally Posted by Hugh
The link states
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Well that's what they say now. But one of the reasons you wrap your assets into a PropCo or NetCo. The NetCo can take on the debt separate from the parent company.
There are also Tax advantages...(obviously)
It also makes it easier to sell.
It's financial dark arts, which shouldn't really impact the day to day running of things, but gives LG (and possibly Telefonica, but as the mobile half of the business isn't involved, I don't know) shareholders options in the future.
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The wheel's still turning but the hamsters dead.
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16-02-2024, 17:32
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#7
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Grumpy Fecker
Join Date: Jul 2007
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Re: VM going down the Openreach route
Quote:
Originally Posted by Pierre
Well that's what they say now. But one of the reasons you wrap your assets into a PropCo or NetCo. The NetCo can take on the debt separate from the parent company.
There are also Tax advantages...(obviously)
It also makes it easier to sell.
It's financial dark arts, which shouldn't really impact the day to day running of things, but gives LG (and possibly Telefonica, but as the mobile half of the business isn't involved, I don't know) shareholders options in the future.
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In the part i work in it is seen as a very positive move indeed
Keeps me in a job for a long time as i soon could be even more busy than i am now.
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16-02-2024, 19:51
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#8
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The Dark Satanic Mills
Join Date: Dec 2003
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Re: VM going down the Openreach route
Quote:
Originally Posted by Sirius
In the part i work in it is seen as a very positive move indeed
Keeps me in a job for a long time as i soon could be even more busy than i am now.
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It will impact me a little, but I’m across all parts of the network.
Reading more into it, basically it’s opening up the new XGS-PON HFC Fibre overbuild.
NexFibre is already open to wholesale.
This is just doing the same for Fibre Up.
I’m just interested to know if the Core Network is going to be part of this NetCo, or if like BT & OR it’s just the Access Network and VMO2 retain the Core.
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The wheel's still turning but the hamsters dead.
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16-02-2024, 20:20
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#9
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Grumpy Fecker
Join Date: Jul 2007
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Re: VM going down the Openreach route
Quote:
Originally Posted by Pierre
It will impact me a little, but I’m across all parts of the network.
Reading more into it, basically it’s opening up the new XGS-PON HFC Fibre overbuild.
NexFibre is already open to wholesale.
This is just doing the same for Fibre Up.
I’m just interested to know if the Core Network is going to be part of this NetCo, or if like BT & OR it’s just the Access Network and VMO2 retain the Core.
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I don't have an answer in regards to core, they are pretty defensive of there network
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17-02-2024, 15:17
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#10
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Media Watcher
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Re: VM going down the Openreach route
Further to the comments that I made in the news thread a few days ago, in my view, this announcement gives the green light for the takeover of BT now. But as Pierre said, the consolidation of the altnets will focus around VM's network rather than someone else's
Last edited by Horizon; 17-02-2024 at 16:09.
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