Is Virgin Media to sell its business division?
Tuesday 05 August 2008 12:09:42 by Andrew Ferguson
Virgin Media according to The Times (as spotted by DigitalSpy.co.uk) is looking to raise some £600m by selling off its ntl:Telewest business communications unit. Divesting itself of its business division may provide the money that is needed for the investment needed to get DOCSIS 3.0 rolled out across its network.
The full article on The Times, reveals that rather than a simple sale a combination with another business communications provider looks most likely. Thus is mentioned, which itself is currently being bought for £329m by Cable & Wireless.
Raising money during a credit crunch for things like network upgrades such as the DOCSIS 3.0 roll-out needed to provide speeds of 50Mbps and faster across the cable network are crucial for Virgin Media in the next couple of years. The Virgin Media ADSL products seem to have consistently suffered from under investment, and while the original launch of the Virgin Media name suggested a lot more investment in this area, to date nothing has happened. Interestingly changes on their ADSL network, were linked to a wholesale deal with Cable and Wireless.
The second quarter figures for Virgin Media are expected on Thursday, and after the drop in broadband customers seen by AOL Broadband and Orange it will be interesting to see how Virgin Media is holding up in a market that is much more interested in the lowest price rather than the products performance.
Digg this
Add to del.icio.usComments
quote" investment needed to get DOCSIS 3.0 rolled out across its network."
Its another virgin fantasy story
true, now days providing necessary upgrades to maintain quality of service is a very weak business case, much better to rip of your customers.
"Virgin’s business division had sales of £642m last year, though it has warned this will fall. Bankers estimate it makes a profit of £100m."
worth more than tuppence.
no fantasy - just you qouting 'fancy words' !!! (and do not know it is about as important as IP is!)
If you had got near google with that, you would know it is *needed* for any future network, when IPs begin to run out...
LOL another whoosh day for comnut
still no clue, huh??
Posted by comnut 5 days ago
no fantasy - just you qouting 'fancy words' !!! (and do not know it is about as important as IP is!)
If you had got near google with that, you would know it is *needed* for any future network, when IPs begin to run out...
I'm just in from the pub and a bit inebriated but methinks YOU might be trippin'!!
quote"I'm just in from the pub and a bit inebriated but methinks YOU might be trippin'!!"
LOL anglo... comnut obviously missed the joke, along with the plot.
Hmmm. Selling off part of the company to raise money to provide improvements that hardly anyone can come up with a business case for.
I think there's more to it than that.
I think they are ditching something they don't want. I'll give 'em tuppence for it.