May 27, 2016 1:44 AM 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: 59
Chief Financial Officer
Age: 45
Chief Operating Officer
Age: 51
Chief Executive Officer of Virgin Media - Ireland
Age: 48
Principal Accounting Officer, Vice President and Controller
Age: 54
Compensation as of Fiscal Year 2015.

Virgin Media, Inc. Key Developments

Virgin Media, Inc. Reports Preliminary Earnings Results for the First Quarter of 2016

Virgin Media, Inc. reported preliminary earnings results for the first quarter of 2016. Rebased revenue growth of 4% for first to £1,178 million. Operating income was £89 million in first quarter 2016 as compared to £97 million in first quarter 2015. Property and equipment additions as a percentage of revenue increased by 160 basis points to 22% in first quarter due to a higher level of new build.

Virgin Media Eyeing UKTV

Virgin Media, Inc. may acquire a stake in UKTV Interactive Limited. The Daily Telegraph quoted senior executives as indicating that Virgin Media is weighing a bid for the British Broadcasting Corporation’s (BBC) stake in UKTV. David Bouchier, Virgin Media’s Chief said that it would ‘absolutely’ be able to take on the 50% stake in a joint venture with Scripps Networks Interactive, Inc. (NasdaqGS:SNI). The report added that the Government is understood to be considering forcing the BBC to sell UKTV. Asked whether Virgin Media would bid, David Bouchier said, “Will we look at and are we being invited to look at all sorts of things, absolutely.”

Virgin Media Plans to Make Hundreds of Its Uk Employees Redundant; to Add Half A Million Locations to Its Network

Virgin Media is pressing ahead with plans to make hundreds of its UK employees redundant after reporting a surge in annual profits. In 2016, Virgin aims to add half a million locations to its network.

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