Fibre-optic broadband provider Virgin Media has prepared for the future by completing a refinancing programme, according to the firm's Chief Financial Officer.
Eamonn O'Hare made the comment after it was confirmed that the company's three-year effort to change the capital structure of its business has come to an end.
The fundamental change has seen the company switch from near-term to longer-term bond debt at attractive pricing. It is believed the changes will help Virgin Media focus on its operational plans and drive top-line growth.
"Our focus has been to steer the business into a position where we have a long-term, fit-for-purpose capital structure that supports our ambitions," Mr O'Hare explained.
"The completion of this process is a major achievement, particularly in light of the market conditions over much of the last three years."
Virgin Media recently announced the launch of its new Digital Home Support Service, which offers advice to those suffering from a range of technical problems.