Virgin Atlantic boosted by £400m in funding from Branson’s Virgin Group and Delta Air Lines December 13, 2021 British Airways rival Virgin Atlantic is hoping to leave the turbulence behind after sealing a funding deal with Virgin Group and Delta Airline to inject £400m in fresh cash to steer it out of the pandemic. Virgin Atlantic, like many other airlines, has been battered by the Covid tracvel restrictions and the clisure of many [...]
Virgin Media O2 completes gigabit upgrade nearly four years early boosting Britain’s broadband December 7, 2021 Virgin Media O2 has today completed the upgrade of its entire national network to gigabit speeds, delivering nearly two-thirds of the Government’s broadband ambition four years ahead of the target date.
Virgin Media TV cuts out for over 10 hours December 3, 2021 Virgin Media suffered a national outage yesterday, with some customers without access for more than 10 hours. The problem started at 10:30 GMT prompting thousands of viewers to report problems across London, Birmingham and Manchester. Virgin Media apologised, and said it would fix it “as soon as possible”, with the issue being caused by “a [...]
Billionaire Richard Branson sells off another $300m stake in Virgin Galactic November 16, 2021 British billionaire Richard Branson has sold off a further $300m worth of stock in his space venture Virgin Galactic, taking the total offloaded this year to some $600m. The unlocked capital is reportedly set to be pumped into Branson’s travel and leisure businesses, after emergency pandemic restrictions bruised profits. Shares sank more than four per [...]
ITV and Virgin Media O2 agree five-year integration partnership November 10, 2021 ITV and Virgin Media O2 have signed a new multi-year agreement that includes a full integration of the ITV Hub platform onto Virgin TV set-top boxes.
Networks agree to block foreign fraudster calls October 25, 2021 UK phone networks have agreed to automatically block calls made from abroad if they show up as a UK number in order to prevent fraud.
Telefonica ‘taps investment bankers at Barclays’ to find partner for Virgin Media O2 fibre rollout September 2, 2021 Virgin Media O2’s Spanish co-owner Telefonica has reportedly hired investment banks Barclays and LionTree to seek a partner to finance its fibre network rollout across the UK in Britain, according to Spanish media outlet El Confidencial.. Virgin Media O2, which merged together two dominant players in the home broadband and mobile industry last year and [...]
Virgin Money Giving to be shut down after London marathon August 27, 2021 Virgin Money Giving, a not-for-profit fundraising platform, will close at the end of November, shortly following the London marathon, which it will no longer sponsor after this year. The bank said 26 jobs would be lost as a result of the closure which was decided after a strategic review of Virgin Money Giving was conducted. [...]
Branson and Bezos space race outruns insurers July 9, 2021 Billionaires Sir Richard Branson and Jeff Bezos are reportedly launching into space without insurance for injury or death. Brokers told the NYT’s Dealbook newsletter neither Branson or Bezos, or their respective companies Virgin Galactic and Blue Origin, have purchased liability insurance. This is most likely because there isn’t a fully functioning insurance system for casual [...]
Deplatformed: Vodafone customers seethe after it ditches free wifi deal on Tube June 21, 2021 Out of service: Vodafone customers seethe after it ditches free wifi deal on Tube