Digital Trends
In the UK, Virgin has issued the tempting promise that it will be capable of delivering 100 to 150Mbps broadband well before rival BT completes its fiber network. But just because it does doesn’t mean it will, since for the moment the company can see no return in it.
Currently, Virgin offers a top speed of 50Mbps. But is saying it will have broadband of 40-60Mbps when its fiber network is rolled out by 2012.
However, Virgin Media’s chief executive Neil Berkett told the BBC:
Leading UK cable group Virgin Media has announced plans to reduce its British workforce by 2,200 by 2012 as part of a planned cost savings of more than $186 million over the next four years. The company said no job cuts would happen before the fourth quarter of 2009, according to the BBC.
The company, which has just negotiated a deal to delay its debt repayments, says it will try to avoid redundancies and offer staff alternative positions wherever possible.
Chief executive Neil Berkett said:
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