Virgin Media to invest £3 billion in broadband expansion and create 6,000 UK jobs

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The five-year scheme will be the biggest investment in broadband digital infrastructure in Britain for more than a decade, the company, which is owned by billionaire John Malone’s Liberty Global, said.

Virgin Media expects that 4 million more homes and businesses will be able to connect to its network as a result, bringing the total to homes able to access its services to 17 million.

They will enjoy broadband speeds of up to 152Mb – twice as fast as the best speeds available from BT, TalkTalk and Sky – Virgin Media said.

 

The network expansion will be prioritised according to demand from households and companies, with a focus on areas closest to Virgin’s existing network.

In addition to the 6,000 jobs, the expansion will also increase the number of apprenticeships created by the company to 1,000 over the next five years.

Prime Minister David Cameron backed the plans, which he said were helping to build “a superfast nation backed by world-class infrastructure”.

He added: “Together with the Government’s rollout of superfast broadband which has now reached more than two million UK homes and businesses, this additional private investment will create more opportunities for people and businesses, further boosting our digital economy and helping secure a brighter future for Britain.”

Additional reporting by Press Association

Source Article from http://www.standard.co.uk/business/business-news/virgin-media-to-invest-3-billion-in-broadband-expansion-and-create-6000-uk-jobs-10043571.html

February 13, 2015 |
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