Virgin Media O2 nears stake sale in towers business to GLIL October 28, 2023 Virgin Media O2 is in exclusive talks to sell a slice of its shareholding in Britain’s largest mobile tower network to GLIL Infrastructure, according to four sources familiar with the matter, in a deal that could value the business at about £2.5bn. GLIL, a partnership of British pension funds, has prevailed over other investment firms [...]
Virgin Media O2 buys ex-Russian owned Upp — but won’t keep it September 6, 2023 Late last year, the UK government ordered Russian oligarch-backed investment company Letterone to sell Upp, saying the ownership was a national security risk.
Which? urges Ofcom to probe Virgin Media rate hikes August 24, 2023 Which? has called on Ofcom to probe Virgin Media’s pricing tactics, accusing it of “egregious” tactics and “woeful” customer service. The consumer champ said Virgin could be breaking the law by giving itself “sweeping powers” to hike broadband bills by “unlimited sums” whenever it feels like it. Plus, the telecoms company is reportedly slapping on [...]
‘Fanciful’ – EE’s legal claim against Virgin Mobile given brutal rebuff by High Court August 2, 2023 The High Court has dismissed EE’s legal claim against Virgin Mobile, describing it as “fanciful” with “no real prospect of succeeding”. British telecoms company EE attempted to sue Virgin Mobile for a reported £24.6m over a contract dispute back in August 2022. In a decision ruling in favour of the applicant, the court proclaimed EE’s [...]
Virgin Media O2 to slash 2,000 jobs as it tries to rid itself of billions in debt July 25, 2023 Virgin Media O2 has revealed plans to slash 2,000 jobs by the end of the year. The telecoms giant issued redundancy notices yesterday evening as part of their effort to streamline operations. The cuts, which include around 800 previously reported job reductions, will affect over 12 per cent of the company’s current workforce. Virgin Media [...]
Ofcom opens Virgin Media probe after customers struggle to ditch contracts July 13, 2023 Ofcom has launched an investigation into whether Virgin Media broke rules surrounding contract termination and the handling of complaints. The company has gained the attention of Ofcom after customers filed a significant number of complaints that the firm was making it difficult for them to cancel contracts. The UK communications regulator said their rules are [...]
ITV ‘actively exploring’ Traitors producer All3Media acquisition June 16, 2023 Broadcaster ITV has confirmed it is “actively exploring” an acquisition of Traitors producers All3Media. It follows reports the TV channel was seeking to buy the production company from its joint owners Warner Bros Discovery Inc., which is facing a debt issue, and Liberty Global. The business would be combined with ITV’s Studios unit, according to [...]
Virgin Media O2 reports slight bump in revenue after price hikes May 10, 2023 Virgin Media O2 reported a slight increase in revenue in the first quarter of 2023 as a result of price increases and stronger consumer retention. Adjusted quarterly revenue increased by 3.9 per cent on the same period last year to £2.6bn, the company announced today. Adjusted EBITDA for the first quarter increased by 2 per [...]
Millions of low income households are overpaying for their broadband, says Ofcom April 24, 2023 More than half of low-income homes who qualify for cheaper broadband tariffs are missing out on the deals, according to the UK communications regulator. Only 220,000 households were on a social tariffs as of February 2023, meanwhile 53 per cent of people receiving benefit payments were completely unaware of cheaper deals, Ofcom revealed in a [...]
CBI exodus: Which firms have quit or suspended their relationship with the lobby group? April 21, 2023 A slew of top firms have quit or suspended engagement with the CBI today after the lobby group was rocked by new allegations of sexual abuse.
