Company Overview of Virgin Media, Inc.
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
Denver, CO 80202
Founded in 1993
Key Executives for Virgin Media, Inc.
Chief Executive Officer of Virgin Media - Ireland
Principal Accounting Officer, Vice President and Controller
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
Feb 19 17
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
Dec 12 16
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
Nov 18 16
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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