The Business of Multiscreen Television
Virgin Media has announced an offering of $650 million (€469 million) Senior Notes in a move that will let the cablenet pay off debt due over the next two years.
The ‘A’ and ‘B’ loans fall under Virgin’s senior credit facilities.
It follows agreements made last November by the NASDAQ-listed operator to delay payments on its £4.3 billion debt.
About Julian CloverYou can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com. Julian has been following the media world for over 20 years with a focus on the UK and Nordic markets, HD, 3D and connected TV technologies.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published. Read more about the report