Financial Times FT.com

Virgin Media wins debt delay

By Salamander Davoudi

Published: November 3 2008 14:49 | Last updated: November 3 2008 17:23

Virgin Media cable television group has won approval from its lenders to delay large repayments on its £4.3bn debt pile.

The new debt schedule delays £2bn of amortisation repayments due between now and 2012, and eases the pressure on the group amid the global economic slowdown.

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