September 22, 2014 1:21 PM 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 (B2B) 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, 2013, it provided cable broadband services to approximately 4.3 million subscribers. In addition, the company operates a digital cable platform that includes access to approximately 195 linear television channels, interactive features, and a range of premium subscription-based and pay-per-view services. As of December 31, 2013, it provided digital cable services to approx...

12300 Liberty Boulevard

Englewood, CO 80112

United States

Founded in 1993

14,259 Employees

Key Executives for Virgin Media, Inc.

Chief Executive Officer
Age: 57
Chief Financial Officer and Director
Age: 50
Chief Operating Officer
Chief Executive Officer of Liberty Global and President of Liberty Global
Age: 50
Principal Accounting Officer
Age: 53
Compensation as of Fiscal Year 2014.

Virgin Media, Inc. Key Developments

Virgin Media, Inc. Reports Preliminary Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Virgin Media, Inc. reported preliminary unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of GBP 1,054.4 million against GBP 1,026.7 million a year ago. Total capital expenditures were GBP 148.3 million against GBP 178.0 million a year ago. Generated operating income was GBP 39.4 million against GBP 66.7 million a year ago. Rebased OCF increased by 6% in second quarter to GBP 459.0 million against GBP 427.1 million a yea ago. For the six months, the company reported total revenue of GBP 2,098.2 million against GBP 2,069.2 million a year ago. Net debt was GBP 8,104.4 million. Total capital expenditures were GBP 313.9 million against GBP 351.7 million a year ago. Generated operating income was GBP 58.1 million against GBP 216.6 million a year ago. Rebased OCF increased by 6% in six months to GBP 903.8 million against GBP 844.0 million a year ago. Looking forward, the company expects third quarter of 2014 OCF to be sequentially lower than second quarter, impacted by seasonal trends, incremental costs related to sponsorship of the Commonwealth Games in Glasgow, the beneficial impact of a nonrecurring reduction to second quarter programming costs mentioned above and a full quarter of impact in third quarter of 2014 from the change in VAT legislation.

Virgin Media Announces Availability of Virgin TV Anywhere' Mobile TV Service

Virgin Media announced the availability of the 'Virgin TV Anywhere' mobile TV service on Amazon Kindle Fire devices. Virgin TV Anywhere is now supported for owners of Kindle Fire HD, Kindle Fire HDX and Kindle Fire second generation tablets. Following the launch of several Sky entertainment channels to the mobile TV service, customers will soon have access to Sky Sports channels on mobiles and tablets for the first time though dedicated Sky Movies and Sky Sports apps. These will be initially available for iPad, iPhone and iPod Touch devices in mid-August, with an Android version coming later.

British Sky Broadcasting and Virgin Media Sign New Content Distribution Agreement

British Sky Broadcasting and Virgin Media have signed a new 5-year+ agreement for the distribution of Sky's content to Virgin Media's TV customers. The deal will see Virgin continue to offer its customers an extensive selection of Sky's entertainment channels, as well as content from Sky Movies and Sky Sports. In addition to its current portfolio of Sky channels, Virgin Media will also offer its TV customers Sky Sports 3 HD, Sky Sports 4 HD, and Sky Sports F1 HD, with Sky Sports News HD and Sky News HD to follow. The agreement will allow Virgin TV customers to access their Sky entertainment channels on multiple devices, including computers, and for the first time, selected tablets and mobiles, through the Virgin TV Anywhere app. From summer 2014, Virgin TV customers subscriptions to Sky Movies and Sky Sports will also be able to access live and on demand content on the go through Sky Sports and Sky Movies apps.

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