Feeds

Virgin Media piles Cable and Wireless sandbags

Huffy manoeuvres

The Essential Guide to IT Transformation

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
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Speak your brains on SIGNAL-FREE mobile comms firm here
Is goTenna tech a goer? Time to grill CEO, CTO
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
prev story

Whitepapers

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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
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.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.