Project Lightning

Liberty Global CFO rules out big acquisitions as company mulls strategic options

Liberty Global will use proceeds from the sale of its German and CEE businesses to Vodafone principally to return cash to investors in the form of buybacks and has no plans for big acquisition, according to Charlie Bracken, the company’s EVP and CFO, speaking at the Morgan Stanley European Media & Technology conference last week. […]

Virgin Media passes 900,000 Irish homes in Project Lightning expansion

Virgin Media has passed 900,000 premises in Ireland with ultrafast fibre broadband as part of its Project Lightning network expansion. Over the past two years, Virgin Media has added 100,000 new homes and businesses to its network map in Ireland and says it is on target to reach the one million mark over the next […]

Virgin Media in management shake-up after over-counting new homes

Liberty Global has suspended four Virgin Media employees after being forced to reassess the number of homes it has built out as part of its high-profile Project Lightning investment. Liberty admitted in an SEC filing that it had previously over-counted the number of new homes connected to its UK network by 151,000 homes as a […]

Liberty Global targets UK with plan to build 800k new homes in ‘17

Liberty Global will spend about US$1 billion on capital expenditure this year, with nine tenths to be spent on extending and upgrading its broadband network, particularly in the UK, where the operator has targeted passing an additional 800,000 homes in 2017. Speaking to analysts after the cable giant unveiled strong end-of-year figures at the end […]

Virgin Media outlines Scottish FTTP rollout

Virgin Media will connect “at least two thirds” of the 360,000 additional homes and businesses being added to its ultrafast broadband network in Scotland with fibre to the premises (FTTP). Liberty Global-owned Virgin Media announced plans to reach the additional 360,000 homes and business in Scotland last month and claims to already reach one million […]

Liberty Global: mobile is ‘strategically critical’

Liberty Global CEO Mike Fries has described mobile as “strategically critical” and outlined ambitious plans to more than double its mobile base in the next five years. Speaking on Liberty’s third quarter earnings call, Fries said that mobile is now “unquestionably a core part of our product strategy and our customer value proposition” and described […]

Fries outlines Project Lightning steps, DOCSIS 3.1 plan

Liberty Global-owned Virgin Media plans to ramp up its investment in its network in the UK through Project Lightning, and Liberty will begin trials of DOCSIS 3.1 in key markets next, year according to president and CEO Mike Fries. Speaking on an analyst call after the group’s quarterly results, Fries said that early results from […]

Virgin Media brings ultrafast broadband to Manchester

Virgin Media is rolling out ultrafast broadband in Manchester in the first phase of its £3 billion broadband investment plan, dubbed Project Lightning.  Virgin will start work this week to connect the first 20,000 Manchester homes and businesses to broadband speeds of 152Mb, with plans to cover 150,000 premises in the city as part of […]

Twitter to up live event focus

Twitter is reportedly planning to up its focus on live event coverage with a major new update later this year, dubbed Project Lightning.  According to a Buzzfeed report, Twitter is planning to add a new button to its service that will let users access event-based curated content, clicking to get information about events ranging from […]

BT ‘prepared for fight’ as Virgin Media rolls out Lightning

BT is “prepared for the fight” over broadband and quad-play with Virgin Media as the cable operator embarks on its Project Lightning expansion of high-speed broadband to four million additional homes in the UK, according to CEO Gavin Patterson. Speaking to analysts after the company released full-year results at the end of last week, Patterson […]