On Mon, 22 Feb 2010 23:10:41 GMT, Geordie
Post by GeordiePost by GrymmaPost by SheilaBollocks to Virgin!!!
I am really quite upset about it all. More so because we entered a new
contract with them not so long ago :-( *Years* I've been a customer,
bloody *years*.... :-(
Yep, they don't give a toss about their customers point of view
anymore.
VM as a business is still really NTL.
The fact that the VM brand had the "For Sale" sign put up almost
within a year of the brand launch said the NTL board members wanted
out. Possibly realising that despite the strong brand name for such a
new brand was seen more as an asset in the brand name rather a going
concern as a profitable ISP. The current outstanding debt is it I
suspect the major stumbling block to the prospect of the investors and
board overcoming the rising cost of keeping ahead in marketing terms.
So much of the total VM network is a patchwork of largely old and
diverse technology which was laid and installed when the first cable
companies struggled to maximise return on what was then largely a
telephone service alone, so the high debts remained pretty much
interest repayments only.
NTL was already on the breadline at the time of the merger.
On a smaller scale it reminds me of the AOL takeover of Time Warner,
with AOL being vastly over valued at that time and also seeing a
growing decline its revenue.
With Google looking to enter the "ISP" market it is about the only
company with the finance to in time bid for the VM brand.