Wednesday, 6 February 2013

Liberty who? Virgin Media just got bought!

Liberty Global will acquire Virgin Media to create a cable giant. Sounds like a nice investment injection for Virgin as OpenReach start to rival products that are competitive for their providers (FTTC / FTTP) against Virgin (DOCSIS 3.0) in terms of speeds. 

From the Inquirer:

US CABLE TV COMPANY Liberty Global has picked up Virgin Media for around £14bn.
Combining the two firms is subject to shareholder approval and will build a powerhouse firm with 25 million customers in 14 countries, Liberty claims.The Inquirer (