Virgin Media has announced the pricing of its senior secured notes offer put forward on Monday that totals just short of €1.7 billion.
Virgin Media has announced the offering of $1 billion (€690m) in secured bonds, a move that is designed to place the refinancing of its main bank debt on a par with that of its existing credit line.
Andrew Barron is to take a step up to become Virgin Media’s chief operating officer.
Rovi has issued a robust response following Thursday’s High Court decision that ruled three of its Gemstar EPG patents to be invalid.
Virgin Media has succeeded in the patent dispute brought against it by Gemstar TV Guide. The London High Court rulings call into question the ability for intellectual property rights holder Rovi to enforce its patents both in the UK and with operators around the world.
Virgin Media has announced plans to insert dynamic advertising onto its on demand platform. Advertisements from leading brands including L’Oreal, Sony Ericsson, Kellogg’s and Microsoft will appear around content from Living, Virgin 1 and Bravo.
17.00 UPDATE: Virgin Media’s next generation set-top boxes are to run a converged television and broadband platform developed for the cablenet by the US DVR specialist TiVo. The UK cablenet is following in the footsteps of US counterparts Comcast and Cox, which are currently testing the technology in a number of markets.
Virgin Media is taking a two-pronged approach to the delivery of 3D television. While visitors to its newly opened store in Oxford Street can sample a vision of the future, subscribers are being offered a season of 3D content in proprietary anaglyph.
Quad play, VOD and fast internet access are proving increasingly popular with Virgin Media customers.
Virgin Media has confirmed its intention to proceed with a secondary listing on the London Stock Exchange in a bid to increase its profile in the country that it serves.