Virgin Media (News - Alert) Inc. recently repurchased 225,000 shares of common stock on May 12, 2011. This had already been announced on July 28, 2010 as a part of the company’s capital return program. The lowest price paid per share was $31.71 and the highest price paid per share was $32.24. The repurchased shares have been cancelled and as of May 12, 2011, after the cancellation of these shares, the number of shares of common stock issued and outstanding would be 316,022,079.

Virgin Media Inc are the first people in the UK to provide the customer TV, Broadband, Phone (News - Alert) and Mobile services from one place. The company provides the end user with a unique combination of TV that puts you in control, superfast and reliable broadband, phone packages that fit around you and mobile service that gives you just what you want. Virgin Media Inc. is a part of the Virgin group.

Virgin is a leading branded venture capital organization and is one of the premier and most recognized brands in the world. Founded in 1970 by Sir Richard Branson, the Virgin Group has turned into a very large and successful venture. The group now has businesses in sectors ranging from mobile telephony to transportation, travel, financial services, media, music and fitness.

The Virgin Group has also created more than 300 branded companies throughout the world and currently employs close to 50,000 people, in 30 countries. The global branded revenues in 2009 was approx US $18 billion).
Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Rich Steeves