Company Overview of Virgin Media, Inc.
Virgin Media Inc. provides digital cable, broadband Internet, fixed-line telephony, and mobile services to residential and business-to-business customers in the United Kingdom. It offers cable products in various packages and tariffs. The company also provides high-speed broadband Internet services. As of December 31, 2014, it provided cable broadband services to approximately 4.5 million subscribers. In addition, the company operates a digital cable platform that includes access to approximately 260 linear television channels, interactive features, and various premium subscription-based and pay-per-view services. It provided digital cable services to approximately 3.8 million residential su...
12300 Liberty Boulevard
Englewood, CO 80112
Founded in 1993
Key Executives for Virgin Media, Inc.
Chief Executive Officer of UPC Ireland
Principal Accounting Officer, Vice President and Controller
Compensation as of Fiscal Year 2015.
Virgin Media, Inc. Key Developments
Virgin Media Launches New Vivid Ultrafast Broadband Brand
Sep 30 15
Virgin Media has launched Vivid, a new standard of ultrafast broadband and new 200 Mbps speed. Vivid will be used to brand all ultrafast broadband speeds and services of 100 Mbps and above. Existing broadband customers will be offered the chance to upgrade from existing speeds of (up to) 50 Mbps, 100 Mbps and 152 Mbps to more powerful speeds of 70 Mbps, Vivid 150 Mbps and Vivid 200 Mbps.
Virgin Media Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Impairment Charges for Second Quarter Ended June 30, 2015
Aug 5 15
Virgin Media Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $1,147.7 million compared to $1,126.5 million a year ago. Total capital expenditures were $143.7 million compared to $159.2 million a year ago. Operating income was $103.6 million compared to $52.2 million a year ago.
For the six months, the company reported revenue of $2,277.5 million compared to $2,242.1 million a year ago. Total capital expenditures were $296.8 million compared to $341.0 million a year ago. Operating income was $201.0 million compared to $81.0 million a year ago. Earnings before interest and taxes were $219.9 million compared to $221.4 million a year ago.
For the quarter, the company reported impairment, restructuring and other operating items, net was $7.9 million compared to $6.7 million a year ago.
UK's Court of Appeal Upholds Dismissal of Rovi Patents Claim Against Virgin Media Inc
Jul 28 15
The U.K. Court of Appeal upheld the High Court's earlier decision on Rovi Corp.'s patents claim against Liberty Global plc's Virgin Media Inc. The outcome is the latest in the U.S. company's string of failed attempts to sue the British operator over patent issues. The dispute pertains to the pause-and-resume function on live TV and on-demand programs, which Rovi claims that Virgin Media copied from them. According to the report, Rovi will also have to pay Virgin Media's legal expenses as per the Court of Appeal's order.
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