Sir Richard Branson’s Virgin Orbit rocket plane project has signed a contract with European in-space manufacturing tech start-up Space Forge to launch a Welsh-built small satellite from Cornwall. The satellite will be launched as part of a broader joint UK-US mission to open the country’s first domestic space port in summer 2022 out of Spaceport […]

Sir Richard Branson and Chamath Palihapitiya, the former chairman of Branson’s Virgin Galactic rocket tourism company, who unexpectedly stepped down in February, have been accused of issuing misleading information to shareholders over the company’s share float and how it was financed. The investor lawsuit, filed February 21st by Virgin Galactic shareholder Thomas Spiteri, seeks damages […]

Chamath Palihapitiya, chairman and a member of Virgin Galactic’s board, Is stepping down. He says he wants “to focus on other public company board commitments.” His departure is immediate, says a company statement. As part of the announcement, the Board appointed director Evan Lovell as Interim Chairman until a new chair is in place. Lovell […]

Liberty Global has announced its Q4 2021 financial results, saying it achieved all 2021 guidance targets including increased Adjusted Free Cash Flow. CEO, Mike Fries, stated: “Our fourth quarter and full year results demonstrated continued commercial momentum across our FMC champions. Operationally, we delivered 306,000 aggregate broadband and postpaid mobile subscribers during Q4 and over […]

Virgin Media will give all TV customers access to a range of documentary, entertainment and music channels throughout February at no extra cost. Customers can watch channels including Comedy Central, Crime & Investigation, MTV, Sky History and more. A range of top Asian channels will also be made available from the Asian Mela pack. All […]

Sir Richard Branson’s Virgin Galactic Holdings is looking to sell $425 million (and up to $500 million if the response is good) of convertible bonds in a private offering. Virgin Galactic will use the cash to fund working capital and general administrative purposes. The company has next-to-zero income (last year it declared just $3.2 million […]

UK multiplay telco Virgin Media O2 (VMO2) is planning to launch a fibre network construction joint venture led by owners Liberty Global and Telefónica, according to reports. Such an operation would seek to rival BT’s Openreach digital infrastructure arm. The new company is seeking a substantial sum from third-party investors, with one source suggesting the […]

An Omani scientific satellite will be carried and launched from Virgin Orbit’s LauncherOne rocket when it makes its first launch from Cornwall in the UK later this year. The Omani payload, developed by Earth observation specialist Poland-based SatRevolution, will be put into low Earth orbit to collect climate data. The mission is the follow-on to […]

A report from the cross-party Public Accounts Committee of the UK’s House of Commons says it is not convinced the Department for Digital, Culture, Media and Sport (DCMS) will meet even its downgraded targets for the increasingly critical rollout of super-fast, gigabit broadband, and is relying too heavily on commercial contractors for the progress that […]

DAZN, the sports streaming service, has reached an agreement with Euskaltel – part of the MasMovil group – to be part of the Euskaltel and Virgin Telco TV offers in Spain. Euskaltel and Virgin Telco subscribers are now able to watch DAZN through multiple devices – including Euskaltel’s 4K deco – with access to live […]