Feeds

Virgin Mobile founder steps down

Cheerio

Internet Security Threat Report 2014

The founder of Virgin Mobile is to step down as chief exec once the cellco is finally gobbled up by NTL in July.

Tom Alexander is said to have "inspired the founding of Virgin Mobile" in the late 1990s by securing the backing of Richard Branson and brokering a JV deal with mobile partner T-Mobile.

He was also in charge when the cellco listed on the stock exchange in 2004 and, of course, helped secure the NTL deal.

But the £962m acquisition - which will see NTL offer TV, broadband, phone and mobile services under the Virgin brand - is also time for Alexander to step back from the firm he founded, although he will stay on in an "advisory role" for the rest of the year.

In a statement today, he described the job as being "an all-consuming passion" but admitted that "now is a good time for me to take a break".

It was also announced that Alan Gow, currently CFO, will become MD of Virgin Mobile, while half a dozen or so non exec directors will stand down.

The reshuffle at the top of Virgin Mobile should come as no surprise. NTL is currently in the process of merging its operation with Telewest. Adding another company means greater scope for duplication - or should that be triplication?

Either way, there are simply too many people chasing too few jobs. Only last week NTL confirmed pans to axe around 6,000 UK jobs while outsourcing a "significant number" as part of its merger with Telewest. NTL chief exec Steve Burch said the job losses were part of the cableco's plan to "accelerate our integration program" so it can save £250m a year by the end of 2007. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.