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February 10, 2016 9:15 AM ET

Media

Company Overview of Virgin Media, Inc.

Company Overview

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

United States

Founded in 1993

13,400 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 Announces Earnings Results for the Third Quarter and Nine Months of 2015

Virgin Media announced earnings results for the third quarter and nine months of 2015. For the quarter, the company reported revenue increased 4.5% to GBP 1.15 billion. Growth was driven by higher cable subscription revenue due to 205,000 organic RGU additions over past 12 months and improved in ARPU per RGU. Operating income was GBP 66 million. For the nine months, the company reported revenue increased 3.5% year-to-date (GBP 3.43 billion). Operating income was GBP 267 million.

Virgin Media Launches New Vivid Ultrafast Broadband Brand

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

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.

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