ITV expects advertising revenue to hit record high following summer viewing frenzy November 10, 2021 ITV’s total advertising revenue for 2021 is expected to be the highest in studio’s history, as it reaps the rewards of hit summer shows like Love Island. Revenue from advertising alone jumped by a third in the nine months to the end of September 2021, with July up 68 per cent, August up 24 per [...]
Virgin Media O2 owner fuels speculation of mobile firm float November 5, 2021 One of Virgin Media O2’s owners has added to speculation of an anticipated float of the £31bn mobile arm. Mike Fries, chief executive of Liberty Global, suggested to investors that a public listing of the mobile and broadband firm could be as soon as next year. On a call with investors, Fries said: “We have [...]
Broadband gloves are off: Virgin Media O2’s £31bn post-merger data war with BT’s EE has begun October 20, 2021 Virgin Media O2 has kicked off its expected broadband and mobile data battle with British Telecom, with analysts welcoming the increased competition. Customers of both Virgin Media and O2 will see their pay monthly mobile data allowance to be doubled, while broadband speeds will be upgraded to the next available tier, free of charge. It [...]
Virgin Media O2 takes on BT as £31bn merged entity rolls out first joint product October 18, 2021 Customers of both Virgin Media and O2 can expect their pay monthly mobile data allowance to be doubled, while broadband speeds will be upgraded to the next available tier, free of charge, the company said this morning. It is Virgin Media O2’s first joint product since the two company’s £31bn merger earlier this year to [...]
Virgin Media O2 takes on BT as £31bn merged entity rolls out first joint product – CityAM : CityAM October 18, 2021 Customers of both Virgin Media and O2 can expect their pay monthly mobile data allowance to be doubled, while broadband speeds will be upgraded to the next available tier, free of charge, the company said this morning. It is Virgin Media O2’s first joint product since the two company’s £31bn merger earlier this year to [...]
Goldman Sachs’ CityFibre rallies £1.1bn in bid to muscle in on BT’s market share – CityAM : CityAM September 16, 2021 Challenger broadband firm CityFibre has rallied £1.1bn in fresh capital in its bid to muscle in on BT’s market share. The London-based company has sold off its £825m stake to Interogo Holdings, the Swiss-based firm that bankrolls Ikea and Abu Dhabi sovereign wealth fund Mubadala, according to The Telegraph. The figure also includes a £300m [...]
Serious Fraud Office probing O2 bribery allegations September 5, 2021 Telecoms giant O2 is being investigated Serious Fraud Office reportedly over allegations of bribery involving the company’s executives. The company revealed in a financial statement that it is cooperating with the SFO, following its merger with Virgin Media. O2’s recent £31bn merger with Virgin Media makes the new company the UK’s largest network, ahead of [...]
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 [...]
Abu Dhabi fund set to take stake in broadband challenger Cityfibre August 24, 2021 A group of investors including Abu Dhabi’s sovereign wealth fund is said to be close to taking a stake in Cityfibre in a deal valuing the Goldman Sachs-backed broadband firm at around £2bn. Abu Dhabi’s Mubadala Investment Company and Interogo Holding — the investment arm of the group behind Ikea — are leading the swoop [...]
Screenshot: Will the digital advertising boom ever end? July 30, 2021 This week **Media Moment of the Week: You are what you tweet **Will the digital advertising boom ever end? **Esports: Britain’s next big thing? Media Moment of the Week: You are what you tweet You know the scenario: someone says something you don’t like on Twitter and you have an overwhelming urge to rise to [...]