Channel 4 has announced the appointment of Ruth Brougham as Streaming Business Director. In this newly created role, Brougham will join Channel 4’s Executive Team and will report to Chief Operating Officer Jonathan Allan. Brougham, who will be based in Leeds, will help to set and lead Channel 4’s streaming operations, product team and roadmap, […]
Space tourism business Virgin Galactic announced a reverse stock split where existing shareholders received one new share for every 20 that they owned. The move, an attempt to stay within the rules of the New York Stock Exchange (NYSE), did no favours for the company and prompted at 14 per cent fall in value in […]
Virgin Media O2 reports it reduced carbon emissions (Scopes 1 and 2) by 23 per cent in 2023 – the equivalent of emissions caused by the annual combined energy usage of 14,883 UK homes. Since launching its sustainability strategy, the Better Connections Plan, in 2022, the company has reduced such emissions by 45 per cent […]
Virgin Media O2 has reported Q1 revenue of £2.6 billion (-0.5 per cent YoY) – primarily driven by handset revenue decline offsetting mobile service revenue increase and stable fixed line consumer revenue Further highlights include: • Improved service revenue performance across mobile and consumer fixed ahead of price rise implementation, low-margin handset and B2B fixed […]
Virgin Media O2 reports it has has removed 65 tonnes of single-use plastic from its operations and products since 2021 – the equivalent weight of five double decker buses. The company says it is striving to cut waste and single-use plastic from packaging and equipment sent to customers and its engineers to build and maintain […]
Virgin Galactic, already involved in a legal spat with Boeing over an alleged misappropriation and withholding of certain proprietary IP and trade secrets, has scheduled its June 12th Annual meeting to include a proposal to create a reverse stock split for the company. The intention is for Virgin Galactic to adjust the company’s shares in […]
Virgin Media O2 is raising awareness of the issue of electronic waste (e-waste) and the climate crisis with content across Virgin TV to mark Earth Day (April 22nd). With the UK on course to become the largest contributor of e-waste in the world per capita, Virgin TV has created a 60-second promo, to soon be […]
Virgin Media O2 has initiated the roll out of a new service that will it says help to boost broadband reliability by proactively tackling issues remotely at no extra cost for customers. Known as ‘smart support’ the new service to tackle customers’ network niggles arrives as research by Virgin Media O2 found that more than […]
Aerospace giant Boeing is suing Sir Richard Branson’s space tourism venture Virgin Galactic, alleging unpaid invoices and the misappropriation of Boeing-owned trade secrets and IP. Boeing is suing via its subsidiary Aurora Flight Sciences, and its writ states that Virgin has not paid $26.4 million in invoices for work related to the development of a […]
Virgin Media O2 has successfully trialled a new way of improving and expanding mobile services by bringing together its fixed network infrastructure with new smart poles, which could help to boost mobile coverage in local areas across the UK. The trial, delivered in collaboration with shareholder Liberty Global, has seen new smart poles installed beside […]