Tech
Virgin Media's lenders have agreed to allow the cable operator to defer some debt repayments until June 2012.
Last month, Virgin said it was in talks with its senior lenders about pushing some amortisation payments currently scheduled for 2010 and 2011 to 2012 in exchange for £70m in fees and up to £50m in increased margins so that it could have more time to completely refinance its debt.
Virgin will report its third quarter results on Thursday.
Last month, Virgin said it was in talks with its senior lenders about pushing some amortisation payments currently scheduled for 2010 and 2011 to 2012 in exchange for £70m in fees and up to £50m in increased margins so that it could have more time to completely refinance its debt.
Virgin will report its third quarter results on Thursday.
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