Virgin Media overstated fibre roll-out, 4 staff suspended

Wednesday 29 March 2017 | 10:31 CET | News
Virgin Media has suspended four employees after discovering it had overstated the progress of its Project Lightning network expansion project in the UK, parent company Liberty Global said. Virgin connected around 567,000 premises in 2015-16, not 715,000 as stated, the company said in a filing to US securities regulator the SEC, amending its 2016 annual report. Liberty Global also revised its guidance for 2017 and now expects to connect 1.3-1.4 million premise and not 1.4 million as previously stated.

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Categories: Fixed
Companies: Liberty Global / Virgin Media
Countries: United Kingdom
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