March 01, 2017 4:14 PM ET


Company Overview of Virgin Media, Inc.

Company Overview

Virgin Media Inc. provides video, broadband Internet, fixed-line telephony, and mobile services to business-to-business and residential customers in the United Kingdom and Ireland It offers cable products in various packages and tariffs; and high speed broadband Internet services. The company also operates a digital cable platform that includes access to approximately 290 linear television channels, interactive features, and various premium subscription-based and pay-per-view services. As of December 31, 2015, it provided cable broadband services to approximately 4.7 million subscribers; and digital cable services to approximately 3.7 million residential subscribers. In addition, the company...

1550 Wewatta Street

Suite 1000

Denver, CO 80202

United States

Founded in 1993

14,120 Employees

Key Executives for Virgin Media, Inc.

Chief Executive Officer
Age: 60
Chief Financial Officer
Age: 46
Chief Operating Officer
Age: 52
Chief Executive Officer of Virgin Media - Ireland
Age: 49
Principal Accounting Officer, Vice President and Controller
Age: 55
Compensation as of Fiscal Year 2016.

Virgin Media, Inc. Key Developments

Virgin Media, Inc. Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2016

Virgin Media, Inc. reported financial results for the fourth quarter and full year ended December 31, 2016. The company reported revenue growth of 1% in the fourth quarter to £1,226.5 million, driven primarily by growth in cable subscription revenue. Operating income declined 12% in the fourth quarter to £98 million. The company reported revenue growth of 3% in 2016 to £4,806 million. Operating income decreased 7% in 2016 to £351 million. Operating income impacted by OCF changes as further described below, increases in depreciation and amortisation, higher related-party fees and allocations, and higher impairment, restructuring charges and other operating items.

Virgin Media Launches Minimum $750 Million Term Loan Due 2025

Virgin Media reported the launch of a new minimum $750 million senior secured Term Loan due 31 January 2025. The company said that proceeds of the Loan, if successful, will be used to refinance the existing GBP 100 million Term Loan D due June 2022, a portion of the GBP 990 million 6.0% Senior Secured Notes due April 2021, a portion of the $900 million 5.375% Senior Secured Notes due April 2021 and to pay related transaction costs.

Virgin Media, Inc. Presents at UBS 44th Annual Global Media and Communications Conference 2016, Dec-07-2016 11:45 AM

Virgin Media, Inc. Presents at UBS 44th Annual Global Media and Communications Conference 2016, Dec-07-2016 11:45 AM. Venue: Grand Hyatt, 109 East 42nd Street, New York, New York, United States.

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