Richard Branson completes integration of NTL Telewest business
Richard Branson this week confirmed that the NTL Telewest Business subsidiary will now be rebranded under the Virgin Media Business name giving the group more power in the marketplace. This is the last stage of the amalgamation of the Virgin, NTL and Telewest operations which began some years ago and has now finally been completed. So what does this mean for the Virgin Media operation?
Richard Branson has built up an operation which is prominent in the telecoms, broadband and media sectors offering a mixture of packages and individual arrangements. Significant investment over the last few years has seen the Virgin Media operation grow in profile and also able to increase the number of customers using the services. The business has continually attacked the client base of British Telecom, with great success, and the introduction of a high speed fibre-optic broadband network around the UK will put the company on a par with British Telecom.
The broadband sector in particular is becoming an integral part of the UK business arena and very prominent within the UK economy. If Richard Branson, under his Virgin Media operation, can continue to build and attract more customers, his influence within the marketplace will continue to grow.
Share this..
Related stories
Investors turn against Lloyds bank directors
It is rumoured that the UK Shareholders Association has taken legal advice regarding the Lloyds bank acquisition of HBOS and significant losses incurred by a number of investors. It is no secret that the Lloyds bank and HBOS merger, mooted as one of the best fits in the industry, has fallen apart over the last few months and seen Lloyds bank take on significant bad debts from its new subsidiary. A...
Read MoreThe Age Of Cheap Flights Is Over
Under pressure chief executive of British Airways, Willie Walsh has sounded the end of the golden age of cheap air travel and predicts that many of the budget airlines will struggle over the coming years. The mass of £1 special travel offers have gone, we are even seeing the budget airlines increase prices and an array of extra charges are expected in due course.
If there is one c...
Northern Rock valuer to receive £4.5 million!
As the government reveals the appointment of an independent valuation expert to arrive at a 'price' for Northern Rock it has been revealed that Andrew Caldwell, the man in question, will be paid a one off fee of £4.5 million no matter how long it takes him to arrive at the figure.
This is all part of the ongoing dispute between shareholders of Northern Rock and the government with...
High court rejects move for Lehman Bros asset return
The High Court in UK has today rejected a plea by PricewaterhouseCoopers with regards to the speedy return of assets from the fallen Lehman Bros operation. Currently there are around £10 billion of customer assets held outside of the UK which the High Court today ruled fallout of the jurisdiction of UK courts. While they will be returned in due course it seems as though the UK courts have no con...
Read MoreFSA Demand Tighter Control Of Takeovers
While insider dealing has been a problem since time began, the Financial Services Authority has again issued another warning to those in the industry, demanding that confidentiality obligations are honoured and leaks are plugged. Even thought the regulators have spent literally millions of pounds trying to solve the problem of leaked information, insider trading and ultimately ‘unexplained&...
Read More