Tuesday, November 27, 2007

Virgin Abandoning IPTV Plans

Virgin Media is abandoning its planned IPTV service announced in April 2007 following the departure of CEO Steve Burch.Virgin's IPTV offering was to provide nationwide coverage for Virgin Media services for those outside the reach of its cable network, and was set to launch in 2008. The company is leaving the possibility open that it will revive this effort in 2009.

Virgin Media reported a gain of 13 thousand customers in 3Q07, following a loss of more than 70,000 customers in 2Q07.

Virgin Media has had to pull in its horns to defend its base business in the face of significant financial losses. In the long term it will face increasing competition as BT's BT Vision and other TelcoTV services in the UK build momentum.

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