Feeds

Virgin Media piles Cable and Wireless sandbags

Huffy manoeuvres

Boost IT visibility and business value

Virgin Media attempted to win back some shareholder and media confidence late yesterday, by announcing a deal with Cable and Wireless to offer LLU ADSL for areas outside its cable network.

Virgin already has some ADSL customers off its own network, but an LLU(Local Loop Unbundling) deal is key to delivering a bundle at a price similar to cable. Virgin told The Reg that the deal won't be ready to offer access until the fourth quarter of this year.

In a regulatory filing in the US, also yesterday, Virgin said it had reduced the size of its board, burning one of the three seats controlled by William Huff, amid rumours of a power struggle between him and other large shareholders. The move resulted from a shareholder meeting in New York yesterday, where concerns that Huff held too much sway over the board were aired.

Huff, who holds under six per cent of Virgin Media, was the driving force behind the merger of NTL and Telewest last year. Huff now controls two seats, and Branson's 11 per cent stake one seat. Franklin Resources, the second largest investor, has no board member.

The Cable and Wireless deal has been bubbling for a while, but Virgin has had a tough couple of weeks, delivering poor results, being summoned by its largest sharholders, and generally taking a kicking in the press.

Virgin hopes that the tie-up, which runs until 2011, will help it retain customers when they move house off the cable network. Virgin has previously said it hopes to roll out IPTV to its Off-net customers so it can offer the full quad play of broadband, mobile, fixed line, and pay-TV to everyone. ®

The essential guide to IT transformation

More from The Register

next story
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Canadian ISP Shaw falls over with 'routing' sickness
How sure are you of cloud computing now?
Don't call it throttling: Ericsson 'priority' tech gives users their own slice of spectrum
Actually it's a nifty trick - at least you'll pay for what you get
Three floats Jolla in Hong Kong: Says Sailfish is '3rd option'
Network throws hat into ring with Linux-powered handsets
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
Ancient pager tech SMS: It works, it's fab, but wow, get a load of that incoming SPAM
Networks' main issue: they don't know how it works, says expert
Trans-Pacific: Google spaffs cash on FAST undersea packet-flinging
One of 6 backers for new 60 Tbps cable to hook US to Japan
Tech city types developing 'Google Glass for the blind' app
An app and service where other people 'see' for you
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.