Virgin Media UK Sold for £15Billion to USA Cable Group Liberty Global

[arista]

http://news.sky.com/story/1047765/virgin-media-eyes-sale-to-us-based-cable-firm

http://media.skynews.com/media/images/generated/sky-news/content/StaticFile/jpg/2008/Nov/Week2/111989/default/v0/15149467-340x192.jpg
He is dumping his loss making Virgin TV and Media


Their shares have gone up 15%


Maybe the New Owner can get SkyAtlanticHD added to VirginHD


Sign Of The Times

[Petershaw1984]

wonder if it will keep the name

[arista]

wonder if it will keep the name


It may do as its 4 Divisions
TV , Internet , Home Phone & Mobile


Unless by changing the name
prices come down


" Almost 5 millions households in the UK
subscribe to Virgin's broadband, television
and landline services.
Virgin also has some 3 million mobile phone customers in Britain.
Sir Richard Branson owns a 3% stake in Virgin Media
and the company is listed in New York,
with a secondary listing in London.
The company's share price soared this morning
on news of the late-stage talks, with the
price up 15% in early trading.
US-based Liberty Global operates in 13 territories
and has sought to expand its base in European countries.
Virgin Media is the second pay-TV group in Britain
behind BSkyB, the parent company of Sky News,
and has been valued at around $20bn (£13bn)."

[Kazanne]

I wouldn't touch Virgin media with a bargepole again,We had so much trouble with them a couple of years back,we won a case against them several months later but not after harassing calls and threatening letters,so vowed never to use them again or recommend them.

[arista]

I wouldn't touch Virgin media with a bargepole again,We had so much trouble with them a couple of years back,we won a case against them several months later but not after harassing calls and threatening letters,so vowed never to use them again or recommend them.


Yes some have not had a good contract.

But if a New Owner takes control
it could improve

[michael21]

Virgin Media send me letter every week


no Virgin Media freeview is the way to go


stop sending me letter :mad:

[arista]

http://media.skynews.com/media/images/generated/2013/2/5/219531/default/v1/rtr2g84w-1-522x293.jpg
John Malone is chairman of Liberty Global

[michael21]

yes new company will be better

there might stop the letter :dance:

does the op have sky or vm :conf:

[arista]

The Deal is going on
as Branson wants it dumped.
He claims its good news for Virgin Customers?

We will see

Also as Malones Liberty Global is Expanding Groups
you wonder if he will cut the staff back.

"Liberty has recently increased its stake in Belgian operator Telenet to 58% and owns other consumer brands across Europe, including UPC, Unitymedia, Kabel BW and VTR.
It also owns a content and channels group called Chellomedia."


From Libertys own site:
"Significant potential to monetize customer base,
with opportunity to deliver current customers
enhanced bundled and premium services."

http://www.lgi.com/pdf/press-release/02-05-Final-Transaction-Announcement.pdf


They are buying Virgin Media UK for $23Billion
but that includes £5Billion of Virgin Debt.
And reported on BBC they are keeping the Virgin Name


http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/9851586/John-Malone-renews-Murdoch-rivalry-as-Liberty-Global-buys-Virgin-Media-for-23.3bn.html

[Gstar]

#TeamSky

[Vanessa]

I have Virgin Media. I've never had any trouble with them, but they're raising their prices this year. :bawling:

[arista]

I have Virgin Media. I've never had any trouble with them, but they're raising their prices this year. :bawling:


To be Fair
all have raised prices.

All that would be good
is SkyAtlanticHD needs to appear on VirginHD

[Vanessa]

To be Fair
all have raised prices.

All that would be good
is SkyAtlanticHD needs to appear on VirginHD

I can't complain as the service is good, but i think Sky is better. :hugesmile:

[arista]

I can't complain as the service is good, but i think Sky is better. :hugesmile:


I have both
and SkyHD is better and faster to use.

Sky has over 10Million customers
Virgin has 5Million or less customers

VirginMedia is now part of Liberty Global
http://www.guardian.co.uk/media/2013/feb/06/virgin-media-takeover-john-malone-liberty-global


http://static.guim.co.uk/sys-images/Business/Pix/pictures/2013/2/6/1360141213713/John-Malone-of-Liberty-008.jpg
Liberty CEO John Malone

[Kazanne]

Sky is far superior imo.

[michael21]

I have both
and SkyHD is better and faster to use.

Sky has over 10Million customers
Virgin has 5Million or less customers

VirginMedia is now part of Liberty Global
http://www.guardian.co.uk/media/2013/feb/06/virgin-media-takeover-john-malone-liberty-global


http://static.guim.co.uk/sys-images/Business/Pix/pictures/2013/2/6/1360141213713/John-Malone-of-Liberty-008.jpg
Liberty CEO John Malone

How much do you paid for then is it a fair deal?