|
NTL Incorporated
NTL Incorporated, branded as ntl:, was a United States-listed British company founded in 1992, which provided cable television, cable internet and fixed-line cable telephone services. While NTL had its headquarters in New York City, the company's activities focused heavily on the United Kingdom, with operational headquarters in Hook, Hampshire. NTL became the dominant cable operator in the United Kingdom, controlling more than 90% of the market. In 2005 residential services generated 78% of NTL's revenue, and business services 22%. In March 2006, NTL merged with fellow cable telecom company Telewest, and created 'NTL:Telewest', which then also merged with Virgin Mobile UK and Virgin.net in June 2006, creating the UK's first " quadruple play" telecom provider, offering television, internet, landline phone and mobile phone services. In February 2007, NTL:Telewest was rebranded as Virgin Media. History 1992–2006 Barclay Knapp and George Blumenthal, the founders of Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virgin Mobile UK
Virgin Mobile UK was a mobile phone service provider. The company was launched by Virgin Group and One2One in 1999 as the world's first mobile virtual network operator (MVNO), initially using the One2One network. Virgin Mobile offered contract mobile packages, as well as mobile broadband services. It sold its services directly, as well as through price comparison sites. NTL:Telewest bought Virgin Mobile on 4 April 2006 and rebranded itself as Virgin Media on 9 February 2007; Virgin Mobile became part of the quadplay of Virgin Media services. Virgin Media was purchased by Liberty Global in 2013, and merged with O2 in 2021. The company began transferring customers to O2 services from March 2023, and it ceased trading on 31 August 2023 upon completion of all customer transfers. Existing Virgin Mobile UK customers are still legally contracted to Virgin Mobile UK, but with O2 providing the services until the end of the contract. History Virgin Mobile was launched in November 1999 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008 (equivalent to over $ billion in ). The biggest sovereign default is Greece, with $138 billion in March 2012 (equivalent to $ billion in ). Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and "bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Devaluation
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a '' revaluation''. A monetary authority (e.g., a central bank) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate. However, under a floating exchange rate system (in which exchange rates are determined by market forces acting on the foreign exchange market, and not by government or central bank policy actions), a decrease in a currency's value relative to other major cur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cable & Wireless Plc
Cable & Wireless plc was a British telecommunications company. In the mid-1980s, it became the first company in the UK to offer an alternative telephone service to BT Group, British Telecom (via subsidiary Mercury Communications). The company later offered cable television, cable TV to its customers, but it sold its cable assets to NTL Incorporated, NTL in 2000. It remained a significant player in the UK telecoms market and in certain overseas markets, especially in the former British colonies of the Caribbean, where it was formerly the monopoly incumbent. It was also the main supplier of communication in the British South Atlantic, including Saint Helena and the Falkland Islands. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. The company split in March 2010, with its international division demerging to form Cable & Wireless Communications, acquired by Liberty Global in 2015, and since spun-off in 2018 from Liberty Global to Liberty Latin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge Cable
Cambridge Cable Ltd. was a Private company limited by guarantee, limited company engaged in the provision of early video on demand. It provided cable infrastructure in the UK as part of the Cambridge Digital Interactive Television Trial (Cambridge iTV trial/Cambridge Cable Project). History It was founded in 1988 by three Cambridge businessmen as a cable television and communications company. In June 1989, the company was awarded the cable television franchise for the city of Cambridge and the surrounding area, and in July 1990 was granted licence by the Department of Trade and Industry (United Kingdom), DTI to operate a public telecommunications service and distribute television channels via its underground cable network. Cambridge Cable's inaugural service commenced in July 1991 with a cable television service; the company's public telephone service launched in September 1992. The company gained financial and operational backing from Comcast Corporation, a major cable te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent Broadcasting Authority
The Independent Broadcasting Authority (IBA) was the regulatory body in the United Kingdom for commercial television ( ITV and Channel 4 and limited satellite television regulation – cable television was the responsibility of the Cable Authority) – and commercial and independent radio broadcasts. The IBA came into being when the Sound Broadcasting Act 1972 gave the Independent Television Authority responsibility for organising the new Independent Local Radio (ILR) stations. The Independent Television Commission formally replaced the IBA on 1 January 1991 in regulatory terms; however, the authority itself was not officially dissolved until 2003. The IBA appointed and regulated a number of regional programme TV contractors and local radio contractors, and built and operated the network of transmitters distributing these programmes through its Engineering Division. It established and part-funded a National Broadcasting School to train on-air and engineering staff. Approach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous natio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guildford
Guildford () is a town in west Surrey, England, around south-west of central London. As of the 2011 census, the town has a population of about 77,000 and is the seat of the wider Borough of Guildford, which had around inhabitants in . The name "Guildford" is thought to derive from a ford (crossing), crossing of the River Wey, a tributary of the River Thames that flows through the town centre. The earliest evidence of human activity in the area is from the Mesolithic and Guildford is mentioned in the will and testament, will of Alfred the Great from . The exact location of the main Anglo-Saxons, Anglo-Saxon settlement is unclear and the current site of the modern town centre may not have been occupied until the early 11th century. Following the Norman Conquest, a motte-and-bailey castle was constructed; which was developed into a royal residence by Henry III of England, Henry III. During the England in the Middle Ages, late Middle Ages, Guildford prospered as a result of the wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deregulation
Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, and pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation. The stated rationale for deregulation is often that fewer and simpler regulations will lead to raise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AirTouch
AirTouch Communications, Inc. was an American Mobile phone, wireless telephone service provider, created as a Corporate spin-off, spin-off of Pacific Telesis on April 1, 1994. Its headquarters were located in the One California building in the Financial District, San Francisco, Financial District of San Francisco, California. After a series of mergers, the company's vestiges are now part of Verizon (mobile network), Verizon. History At the time of the Bell System divestiture in 1984, each Regional Bell Operating Company (Baby Bell) was given a portion of the Advanced Mobile Phone System (AMPS) network corresponding to its service area. Pacific Telesis, the Baby Bell covering California and Nevada, spun off its wireless services as AirTouch Communications in 1994. US West's US West New Vector was also created from AMPS. In July 1994, U S West agreed to a joint venture with AirTouch as a prelude to merging the cellular unit into AirTouch. By 1996, all accounts were operated under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
