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Virgin Media Inc
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Virgin Media Inc is an innovative UK entertainment and communications business, and provides the first 'quad-play' offering of television, broadband, fixed-line, and mobile telephone services to the UK market. Among its sophisticated service offerings are an advanced TV-on-demand service, the UK's first high definition TV service, and V+, its high specification personal video recorder. Virgin Media owns two content businesses, Virgin Media Television Ltd, or Virgin Media TV, and sit-up Ltd. Virgin Media TV owns seven entertainment channels - LIVINGtv, LIVINGtv 2, Bravo, Bravo 2, Challenge, Trouble, and Ftn - and is a 50% partner in UKTV, which consists of ten channels, including UKTV Gold and UKTV History, while sit-up runs retail TV channels bid tv, price-drop tv, and speed auctiontv. ntl: Telewest Business also operates under the Virgin Media umbrella and provides voice, data, and Internet solutions to businesses, public sector organisations, and service providers in the UK. Virgin Media was formed from the combination of broadband cable operators, NTL and Telewest, and mobile virtual network operator, Virgin Mobile. On March 3, 2006, NTL Holdings Inc merged with Telewest Global Inc, creating the UK's largest provider of residential broadband services and the UK's leading provider of 'triple-play' (television, broadband, and fixed-line) services. The combined company was subsequently renamed NTL Inc. Following the completion of the merger ntl:Telewest Business was formed to serve the UK business market, which in turn completed the acquisition of Virgin Mobile Holdings (UK) plc on July 4, 2006. Under a previous agreement, ntl: Telewest also entered into a licensing arrangement with Virgin Enterprises permitting use of the Virgin brand for ntl: Telewest's full portfolio of consumer services. Subsequently, on February 6, 2007, NTL rebranded its consumer and a large part of its content businesses to Virgin Media. It also changed the name of its corporate parent from NTL Inc to Virgin Media Inc. Virgin Media is now the largest Virgin company in the world, with almost 10 million customers and 13,000 employees across the UK. Virgin Media is a Delaware corporation and is publicly-traded in the US on the Nasdaq Global Select Market.
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