Tweet

Virgin Will Wait for Markets to Settle

by Jon Hemingway -- Broadcasting & Cable, 8/7/2007 3:54:00 AM

Virgin Media is giving potential suitors more time to work out their proposals in a tumultuous financing market.

The U.K. cable operator is extending its strategic review process from this week in hopes that the credit markets will calm to a point that will enable all willing bidders to submit proposals. The heavily pressured debt markets are rife with uncertainty, making it difficult for potential borrowers to gauge their financing costs at a time when rates are ballooning.

Virgin put itself on the block last month after receiving an unsolicited bid from private equity firm The Carlyle Group. The company then brought on Goldman Sachs to advise on alternate proposals from private equity and strategic bidders such as Liberty Global.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author
• Most Popular Pages

No related content found.

Also by this author

• Comcast Responds to Shareholder Complaint

• Grande Communications Up for Sale

• Portland FiOS TV Subscribers Get Comcast SportsNet Northwest

• Supreme Court: No Liability for Charter Communications Suppliers

• AT&T U-verse TV Launches Interactive Features in Indiana

Also by Jon Hemingway

Most Popular Pages

No Top Articles

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Mixpo

  

  Mixpo is a video advertising technology provider that enables publishers, ad networks, and agencies to easily deliver dynamically tailored, interactive video ads that are customized in real-time for unique audience segments. Our platform also provides automatic multivariate testi..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Infrastructure Design for High Volume Video Workflows
• Mobile Media Strategies That Work
• Multi Format Encoding for Efficient Content Repurposing
• The CIOs Guide to Videoconferencing Security Keeping Pace with th..