Articles about liberty global

Creased Lightning: Profits wobble at Virgin Media while fibre project stays sluggish

Virgin Media's operating income slid 17 per cent over the past year despite the Brit telco growing its Q2 2018 revenues to £1.275bn, creating interesting conditions for its newly acquired chief operating officer. Of the total quarterly revenue, £903.9m came from residential cable subscribers. Business subscription revenue …
Roadworks: fibre optic cable being laid

Project Lightning, you say? Virgin Media's fibre rollout is pretty glacial

Virgin Media reported another quarter of low growth for its troubled £3bn fibre programme Project Lightning, adding just 111,000 premises in the first three months of 2018 – the lowest for the last four quarters. So far VM has managed 1.2 million connections, with the aim of connecting 4 million premises by the end of 2019 to …
Kat Hall, 9 May 2018

Patience you must have, says Voda: Biz in talks with Liberty Global for grabbing Euro assets

Brit-based comms colossus Vodafone is mulling snapping up wedges of European networks owned by American telecoms giant Liberty Global. You may recall Voda and Liberty from such films as: Dial M for Merger, and The Erotic Adventures of Two Communications Goliaths. There have been rumors floating around since 2015 that the two …
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Liberty Global's sale of Austrian biz paves way for Voda merger plans – reports

Liberty Global is rumoured to be near to closing a deal to flog its Austrian biz to Germany's Deutsche Telekom for about $2bn (£1.5bn), which could reopen merger talks with Vodafone in Blighty. Blabbermouths briefed on the negotiations told the Financial Times that discussions between Liberty Global and DT over the unit are …
Kat Hall, 22 Dec 2017

Liberty and MXC jump into bed, light up joint venture

Cable giant Liberty Global has inked a deal with MXC Capital, an AIM-listed tech investor, to create a buy-and-build IT services business that sells to UK SMEs. In a stock market announcement, MXC said: “The newly established joint venture company will initially seek to undertake a series of acquisitions in order to create an …
Kat Hall, 20 Nov 2017
Upset man at desk shouts into phone. Pic: Shutterstock

Virgin Media cuts 250 jobs amid £3bn Project Lightning cockup fallout

UK cable giant Virgin Media is closing 30 shops and cutting 250 jobs – including a number of head office people – as a result of botching its £3bn Project Lightning superfast broadband plan. Numerous sources got in touch with El Reg to tell us that 28 posts are being cut in Virgin’s Hammersmith HQ in London, along with the …
Gareth Corfield, 30 Jun 2017
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Virgin Media suspends 4 staff over misreporting connections

Virgin Media has admitted to overstating its £3bn Project Lightning superfast broadband rollout by 142,000 premises – a move that has led to the suspension of four staff and a reshuffle of its top brass. Parent company Liberty Global embarrassingly had to revise down the reported number of premises added to Virgin Media's …
Kat Hall, 29 Mar 2017
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Sources: Liberty Global, Vodafone take seats at negotiating table AGAIN

Exclusive A corporate tie up between Vodafone UK and Liberty Global is back on the negotiating table, multiple sources have told The Register. The fourth floor of Voda’s Newbury HQ has been sealed off with access only granted to execs from both firms, insiders claimed. Andrea Salvato, SVP and chief development officer at Liberty Global …
Andrew Orlowski, 15 Mar 2017
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Virgin Media boss warns Brexit could hamstring broadband investment

Further uncertainty over Brexit could hamper Virgin Media's ability to get more broadband investment for the UK from its parent company Liberty Global, chief exec Tom Mockridge has warned. Speaking at the Broadband World Forum event, he said: "We need certainty over the outcome of Brexit," adding that when the business makes …
Kat Hall, 20 Oct 2016

'Faceless' Liberty Global has 'sucked the very soul' out of Virgin Media

Exclusive Virgin Media staff have voiced widespread discontent over its gobble by Liberty Global, with one describing their new corporate daddy as "faceless change drivers with no concern for the Virgin values," according to a Q&A with senior management this week seen by The Register. The questions, which were part of the company's …
Kat Hall, 23 Sep 2016

Virgin Media costs balloon by MEEELLIONS in wake of Brexit

Exclusive Costs at Virgin Media have so far risen by £7m this year following Brexit, due to increased import costs, the company revealed in a Q&A with staff this week seen by The Register. In the quarterly "Grill", chief exec Tom Mockridge was asked if the company would revise its sales targets set prior to the EU referendum "given the …
Kat Hall, 22 Sep 2016
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Virgin Media daddy Liberty Global swoops on Cable & Wireless Communications

Liberty Global – the owner of UK telco Virgin Media – has agreed to buy Caribbean-based operator Cable & Wireless Communications for £3.5bn ($5.3bn). The cash and stock deal extends Cable Cowboy John Malone's lasso into Latin America. CWC said that the buyout would "enhance customer benefits" and allow the business to grow as …
Kelly Fiveash, 17 Nov 2015

Would Dutch T-Mobile sale open door for Deutsche to buy KPN?

A simple statement this week leaked to Bloomberg that T-Mobile Netherlands is about to be put up for sale, uncovers a wealth of potential intent from all quarters. Immediately everyone is guessing who might buy it; our question is what does this allow to happen after that sale has gone through? We have often given the opinion …
Faultline, 26 Oct 2015
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Vodafone left the lonely singleton as Liberty deal kiboshed

European telco Liberty Global and Vodafone have put the kibosh on their possible merger, the mobile network operator announced late Monday. The businesses have been flirting with the idea of a potential £120bn love-in for sometime. But in a filing to the London Stock Exchange the global telco giant said: "Vodafone today …
Kat Hall, 29 Sep 2015
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Vodafone IS talking to Virgin Media daddy Liberty Global

Rumours of all kinds of talks between Liberty Global, which owns Virgin Media in the UK and Vodafone, have been rumbling for months. Vodafone's now come out and confirmed those rumours are true. Vodafone put out a release this morning saying: Vodafone Group Plc ("Vodafone") notes the recent media speculation regarding a …
Simon Rockman, 5 Jun 2015

Vodafone eyes up Liberty Global – report

Mobile giant Vodafone has reportedly been mulling over a number of takeover plans, including the possibility of scooping up cable company Liberty Global – Virgin Media's owner. According to Reuters, which cited five anonymous sources close to the matter, Vodafone could see Liberty Global's European operations as a natural fit …
Kelly Fiveash, 29 Nov 2014
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EU waves remote at Liberty Global's Dutch telly takeover

Liberty Global must sell its Dutch premium pay-TV movie channel Film1 if it wants to take over cable telly operator Ziggo, Brussels' antitrust chief has warned. Since the planned buyout will bring together the first and second largest cable television networks in The Netherlands, the European Union’s competition commissioner …
Jennifer Baker, 10 Oct 2014

Déjà vu: Virgin Media jacks up broadband prices

Virgin Media is once again hiking up the price of its broadband service, while at the same time championing its cable network. The telco has begun telling subscribers who are only signed up to Virgin Media's broadband offering that their bills will increase by £1.50 a month from October this year. It comes after the company, …
Kelly Fiveash, 21 Aug 2014

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