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Re: Buyout firms set their eye on Virgin Media
Trouble is i can't see what they can asset strip, then again there always is something. The NTL side was stripped bair before the merger Telewest didn't have the same pressures before the merger as i can tell working with ex Telewest employees, that working for Telewest was,(from what i have seen) a different story. The whole attitude from ex Telewest was a different one from NTL. Now i say this, not as a criticism but as a remark on what i have seen from the different attitudes of working.
There are still efficiences to be made throughout the company without the intervention of private equity companies. Basically it's the management and directorship and investment that is at fault. Now as a worker we are always going to moan about the decision makers but i truly believe that these people do not really have the understanding of running the company properly. They are forever changing departments around merging with others different director ect so no changes really get the chance to evolve or work.
How Virginmedia is going to be operating over the coming year and what will be sold off/broke up i don't know, but nothing will surprise me, but what another buyout from a private equity company is going to give or take that will improve it is beyond me as i can't see it's going to improve it for a few years to come.
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