01/10/2009 The London Stock Exchange welcomes Virgin Media to the Main Market
The London Stock Exchange welcomes Virgin Media to the Main Market
Virgin Media, one of the UK’s largest entertainment and communications companies, today announced it has joined the London Stock Exchange’s Main Market with a Secondary Listing of shares.
With almost 10 million customers, Virgin Media is the UK's first quad-play provider of broadband, TV, phone and mobile. The company is one of the largest residential broadband providers in the UK, using a unique fibre optic cable network to deliver next generation ultrafast internet access of up to 50Mb. It is the second largest provider of pay TV and operates the most popular virtual mobile network in the country.
Xavier Rolet, Chief Executive Officer of the London Stock Exchange, said: “We’re delighted to welcome Virgin Media to the market. This listing gives investors an opportunity easily to invest in one of the leading entertainment and communications companies, and one of the most well-known brands, in the UK.”
Virgin Media’s Chief Executive Officer, Neil Berkett, added: “Today's listing represents an important step in broadening investor access to Virgin Media shares. Our London listing will provide investors with an additional means of trading the shares, and will further enhance the profile of our business in the UK and Europe.”
Goldman Sachs International is the company’s financial adviser in connection with the admission.