Feeds

Virgin Mobile founder steps down

Cheerio

The smart choice: opportunity from uncertainty

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. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.