hyflux ltd ( hyflux ) is a global environmental solutions company listed on the singapore stock exchange ( sgx ) , with a market capitalisation close to s$ 735.4 million ( as at march 2009 ) , and employs over 1,200 staff in china , india , the middle east and north africa ( mena ) region as well as singapore and southeast asia .

the company was founded in 1989 by ms olivia lum , group ceo , president and managing director .

in 2006 , the company was given the ' water company of the year ' award , at the ' global water awards ' , by the global water intelligence , uk .

hyflux

in preparation for a public listing , hyflux pte ltd was incorporated on 31 march 2000 to assume the role of an investment holding company for the group . hydrochem became a wholly - owned subsidiary of hyflux . subsequently on 20 december , hyflux pte ltd was converted to a public limited company and the name was changed to hyflux ltd .
hyflux is dedicated to delivering water solutions for a sustainable and secure water future . read more
on 9 january 2001 , hyflux launched its initial public offering , and on 17 january , hyflux shares began trading on the secondary board of the singapore exchange ( sgx ) . hyflux was the first water treatment company to be listed in singapore . on 14 april 2003 , hyflux was promoted to the sgx mainboard , having met all requirements for a mainboard listing .
what defines hyflux is our people – passionate , innovative , optimistic and deeply committed to give their best .
in fact , hyflux began its journey of internationalisation because it was a matter of survival , she added .
by its third year in china , hyflux had gained enough traction to staunch the bleeding . that was also around the time that more multinational companies began investing in the market , and some of them became hyflux customers .
at the heart of hyflux is our mission to deliver sustainable solutions in water and energy for a better tomorrow .
hyflux is the fulfillment of our founder’s dream to build a business in an industry confronted with ever growing needs .
lower revenue from engineering , procurement and construction activities hurt second - quarter results for water and energy firm hyflux .
tuaspring has been an impediment to hyflux ' s earnings since it started its power plant operations in march last year .
municipal projects continue to be hyflux ' s main revenue driver , accounting for about 81 per cent of total turnover .
our hyflux team is multi - national and multi - talented . learn from the unique perspectives and experiences of our people .
this was partly offset by turnover recognised for hyflux ' s projects in saudi arabia , which began construction during the quarter .
hyflux moved in and soon won a contract to build a water desalination plant in algeria , the biggest in the world .
hyflux shares closed three cents or 5 . 7 per cent higher at 56 cents yesterday , after the announcement was made .
it is also likely that hyflux will continue to operate and maintain the tuaspring plant after its partial divestment . in 2006 , hyflux sold off part of its stake in singapore ' s first desalination plant , singspring , to cityspring infrastructure trust ( now keppel infrastructure trust ) . hyflux retains a 30 per cent stake in singspring , but also handles all of the site operations and maintenance .
developed , tested and manufactured in singapore , hyflux’s proprietary kristal® ultrafiltration ( uf ) membrane has been installed in over 400 locations worldwide .
at hyflux , we invite our people to keep dreaming , to rise to challenges , to discover new strengths and extend their horizons .
the successful completion of the landmark singspring desalination plant boosted hyflux’s profile and visibility in the global water industry . the project won the distinction in the desalination plant of the year category at the global water awards 2006 . hyflux was also named water company of the year .
in january 2003 , hyflux was named the preferred bidder by pub to build , own and operate singapore’s first seawater reverse osmosis ( swro ) desalination plant and also first public - private - partnership project . it was not just hyflux’s first desalination project ; it was also the biggest project to date . the estimated project value of s $ 200 million was even larger than hyflux’s market capitalisation at that time !
sharing ideas , making an impact and transforming people ' s lives . this is what a job at hyflux is all about . read more
a specialist in water treatment , hyflux is distinctive in its ability to address the challenges at every point of the entire water value chain .
a new $ 30 million fully - integrated and automated steel structure fabrication - processing line at hyflux’s tuas facility , which was launched yesterday .
if you would like more information about hyflux , please contact one of our offices or use the email links below to contact your area of interest .
hyflux announced on thursday it is expecting a loss for the second quarter ended june 30 , 2017 , largely driven by a weak singapore power market .
hyflux announced on thursday it is expecting a loss for the second quarter ended june 30 , 2017 , largely driven by a weak singapore power market .
that same year , hyflux won its third pub project , chestnut avenue waterworks , singapore’s first waterworks that uses membrane - based filtration to produce potable water .
since then , hyflux has moved from strength to strength in the middle east and north africa , and has also started taking small steps into south america .
opening its flagship elo lab in belvedere close in the third quarter this year . elo is hyflux’s oxygen - rich water business line for the retail sector .
hyflux is one of singapore’s most uplifting success stories , a one - woman start - up turned multinational firm that provides clean water for markets around the world .
hyflux is committing up to s $ 2 . 5 million in cash and in kind to human clinical trials to further ascertain the scientific merits of its elo water .
hyflux had finally found the success at home that it was craving at the start , but this only fuelled ms lum’s ambitions to venture back out into the world .
hyflux yesterday also signed a memorandum of understanding with nanyang technological university ' s nanyang environment and water research institute to collaborate on next - generation water - treatment technologies .
tuaspring is owned by hyflux , which last week appointed dbs bank and china international capital corp as financial advisers to evaluate a partial divestment of up to 70 per cent .
in 2009 , hyflux expanded its presence in the mena region with a contract to design and supply a desalination plant for the salalah independent water and power project in oman .
in 2012 , hyflux moved into its new global headquarters at 80 bendemeer road called hyflux innovation centre ( hic ) . hic houses the executive and corporate offices , engineering design and technology commercialisation departments that integrate the technologies developed out of the group’s r & d laboratories into viable , cost - effective and sustainable solutions for the global water industry .
water - treatment firm hyflux is making a splash across its operations - boosting productivity , developing new membrane technology and diversifying into oxygen - rich water for the healthcare market .
singapore - hyflux and changi general hospital announced on wednesday ( feb 15 ) that they will conduct the first human clinical trials of the company ' s elo water on diabetes .
if the trials are successful , it will ultimately improve the quality of life for diabetic patients ,
said ms olivia lum , hyflux executive chairman and group ceo . .
in 2004 , hyflux was awarded the contract to design , build , own and operate a swro desalination plant on 30 - year concession in the dagang district of tianjin in northern china .
the latest venture to come to fruition is a $ 30 million fully - integrated and automated steel structure fabrication - processing line at hyflux ' s tuas facility , which was launched yesterday .
ms lum said hyflux will continue to invest in research and development to expand new applications for the elo business line . it manufactures and bottles elo drinking water only at its singapore facilities .
a version of this article appeared in the print edition of the straits times on may 03 , 2017 , with the headline ' foreign buyers eye hyflux water plant ' . print edition | subscribe
following the success with bedok newater plant , hyflux secured another project from pub , singapore’s national water agency , in 2002 to design , construct and commission the country’s third newater plant in seletar .
hyflux continued to make further gains in the middle east with a contract from the saline water conversion corporation to design , build and supply a containerised desalination system to the kingdom of saudi arabia .
in order to remain competitive , we have to take the necessary steps to drive innovation and adopt high - value processes ,
ms lum said at the launch at hyflux innovation centre .
a version of this article appeared in the print edition of the straits times on august 04 , 2017 , with the headline ' hyflux q2 earnings slump on tuaspring losses ' . print edition | subscribe
hyflux is the fulfillment of our founder’s dream to build a business in an industry confronted with ever growing needs . at the core of our philosophy is our commitment to produce water that is clean ,
were in the order of s $ 1 . 4 billion for an eventual s $ 400m issue size . for a prospective investor looking at hyflux’s bonds , the firms weak credit profile should be weighed against its ability to continually tap capital markets for financing  we would also suggest that investors pay close attention to the pricing for hyflux’s bonds , which can be skewed by strong retail investor participation ( the
regulatory approval is needed although the national water agency pub , which buys water from tuaspring , said it has been notified of hyflux ' s intent but is yet to receive a formal application to divest .
hyflux successfully raised s $ 400 million through a 6 % cumulative , non - convertible , non - voting perpetual class a preference shares issue , the first corporate in singapore to launch such an issue .
while hyflux has found great success through internationalising early , ms lum noted that it is important for companies to not only know the foreign market but also understand their own products well before they venture abroad .
and success indeed came to hyflux as orders began trickling in . but never one to rest on her triumphs , lum bravely decided to expand to china , although the company was still in its infancy . the move paid off handsomely , and today china accounts for 20 % of hyflux’s business . lum believes she received the crucial first - mover advantage over competitors such as ge and suez with this strategy .
besides hyflux , the edb also worked with other large local enterprises such as precision engineering group meiban on its ismart factory project last year . meiban aims to use robotics and technology to digitalise its factory operations .
if the impact of tuaspring is excluded , hyflux would have recorded a quarterly net loss of $ 4 . 2 million , compared with earnings of $ 35 . 4 million for the same period a year earlier .
hyflux would first have to start receiving bids for the plant . its financial advisers would then come up with the proposed sale structure , which could be done via equity transfer or a trust structure , for example .
when the singapore government decided to launch a tender to build the country’s first seawater desalination plant , hyflux competed for the bid and won . it was the world’s first plant to use membrane technology to desalinate seawater .
hyflux group executive vice - president lim suat wah said :
the price at which pub buys water from tuaspring is governed by a water purchase agreement between pub and tuaspring over the concession period of 25 years .
the facility will improve operational productivity by about 25 per cent , said hyflux executive chairman and group chief executive olivia lum . it will also boost the skill profile of its employees and reduce its reliance on foreign labour .
hyflux ltd has announced that through its wholly - owned entity hyflux utility ( india ) pte ltd – together with its japanese partners hitachi ltd and itochu corp – it has signed an agreement for the development of a sea - water desalination plant with a designed capacity of 336 000 m 3 ( 88 . 7 million gallons ) per day to be located in the dahej special economic zone ( sez ) in the state of gujarat , india .
japanese engineering company jgc corp ( jgc ) and newspring utility pte ltd , a wholly - owned subsidiary of singapore - based membrane technology company hyflux ltd , recently signed an agreement to jointly develop greenfield water projects in china .
hyflux’s core business is to provide fully - integrated municipal water treatment and renewable energy solutions . listed on the singapore stock exchange ( with a market cap of s $ 439 . 8 million as of 17 may 2016 ) , hyflux develops , own and operates numerous public infrastructural assets in singapore , china , africa and the middle east region . its landmark projects include singapore’s first newater plant as well as some of the largest desalination plants in asia .
designed to deliver the convenience and efficiency of small water treatment system to end users , hyflux’s standard membrane systems ( sms ) are capable of treating water from a wide range of sources for various applications by industries and small communities .
pointing to the edb ' s partnership with hyflux on its recent investments , dr beh added :
we look forward to replicating this with other large local enterprises keen on future - proofing their business and growing new businesses .
a version of this article appeared in the print edition of the straits times on february 08 , 2017 , with the headline ' edb partners hyflux in efforts to ' future - proof ' business operations ' . print edition | subscribe
hyflux is one of singapore’s home - grown brands which has established itself internationally as an innovative environmental solutions provider . however , its near - term business outlook is likely to remain challenging . we take a quick look at the company’s fundamentals .
our examination of hyflux suggests that barring a large asset sale , the companys balance sheet is unlikely to delever significantly over the next few years , which means credit ratios will continue to remain under pressure ( were expecting to see interest coverage in the low 1x range over the next three years ) . nevertheless , hyflux is a household brand name in singapore , and has a strong track record of obtaining access to capital markets at attractive rates  recall that in 2011 , total orders for the
the municipal segment ( where hyflux provide water treatment solutions to local governments ) comprise 94 % of the company’s revenues of s $ 445 million in fy2015 while the industrial segment ( supplying liquid seperation application for manufacturing and petrochemical industry ) contributed 5 % . ( see chart 1 ) . in terms of geography , hyflux’s derived the majority of its revenue in fy2015 from the middle east and north africa region ( mena ) in fy2015 , having secured new project wins in oman and saudi arabia ( chart 2 ) .
said cgh ceo dr lee chien earn :
hyflux has come to us with an interesting hypothesis based on animal studies that could help our patients with diabetes . we have thus embarked on this research collaboration to test this hypothesis in a robust scientific way .
in addition , the mainboard - listed group said it will open its flagship elo lab in belvedere close in the third quarter this year , as it moves to diversify its business offerings . elo is hyflux ' s oxygen - rich water business line for the retail sector .
2001 was a defining year for hyflux for yet another reason – the company was awarded its first municipal water treatment project in singapore to supply and install the process equipment for the bedok newater plant , the country’s first newater plant which would mark the launch of the third national tap .
its owner’s entrepreneurship drive meant that the company focused substantially on innovation . with lum herself heading the company’s r & d department , hyflux , most notably , developed a special ultrafine membrane filter that is today the defining quality in all its products . hyflux recently completed building the biggest desalination plant in asia on singapore’s west coast , and is constructing similar plants in china and dubai . for lum , the horizon is only expanding . she now wants to set up shop in india and is gradually shifting from small - scale projects to big industrial ones in china and elsewhere .
closer to home , hyflux entered into a joint venture with mitsubishi heavy industries to develop the tuasone waste - to - energy ( wte ) project , which includes a concession to provide waste treatment services over a period of 25 years and contributing s $ 750 million to its order book .
against the backdrop of unfavourable cyclical conditions , hyflux’s business environment is likely to remain tough for the foreseeable future . this is in addition to persistently subdued oil prices , which will constrain the likelihood of securing more orders from countries in the middle east as the region reduce investments in infrastructure .
hyflux continued to set new benchmarks in 2011 . the group showed its mettle by securing singapore’s second and largest seawater desalination project amidst very tough competition and surprising the industry with an innovative proposal to incorporate an on - site 411 mw combined cycle power plant to produce electricity for the desalination plant and power grid . the shared facilities of the desalination plant and the power plant would create synergies between the two operations and lead to higher levels of efficiency , thus lowering the cost of desalination . the integration of a water project with a power plant was the first for singapore and for hyflux .
hyflux completed the construction of the 411 mw combined cycle power plant co - located with tuaspring desalination plant in singapore . this development marked the company’s expansion into a new business that would complement and enhance its competitiveness in its core water business . the power plant is expected to be fully operational in 2016 .
in the worst case scenario where hyflux’s cash position deteriorates materially due to delayed payments from its main customers , it may have to reduce its capital expenditures or monetize its assets by going through further strategic divestments of service concession rights as well as sales of its non - core assets . in 2014 for example , the company sold and leased back the hyflux innovation centre for a cash consideration of s $ 170 million in order to strengthen its balance sheet . it also divested its concession rights for five water and wastewater treatment plants in china in 2015 . further asset sales will be made going forward to free up cash flow . specifically , as of end - 2015 , its balance sheet had s $ 212 million in assets classified as held for sale . the majority comprises of its 50 % joint venture stake in galaxy newspring pte ltd , in which hyflux’s management has guided that it intends to sell this year .
mr . siddique also served as the ceo and board member of hyflux water trust ( hwt ) , a global water infrastructure fund , and led its ipo on the main - board of the singapore stock exchange . hwt’s investment focus was water and waste - water treatment , desalination , water recycling , and water distribution projects , primarily in china , the middle east and north africa region and other high growth markets . under his tenure , hwt delivered first year distribution per unit and net profit which exceeded ipo forecast , and also increased hwt’s total water assets size under management by 112 % . mr . siddique was also a member of the top management of hyflux ltd . in singapore , one of the leading water infrastructure companies in asia , where he was responsible for hyflux’s india operations and engineering , procurement and construction ( epc ) business globally , and assisting the group’s ceo / founder in overseeing china and middle east and north africa markets .
an artist ' s impression of hyflux ' s flagship elo lab , which is expected to open in the third quarter of this year . the edb has partnered with the water - treatment company in rolling out a number of investments , including a $ 30 million integrated and automated steel structure fabrication - processing line .
hyflux reported a net profit of s $ 45 million in fy2015 , a 22 . 7 % decline over the previous year . this is despite a steep rise in revenue primarily due to the recognition of construction revenues from its qurayyat iwp project in oman , as the firm’s margins contracted due to rising input costs .
it is worthwhile to note that in january 2015 , hyflux had successfully carried out a consent solicitation exercise with noteholders to seek covenant relief , broadening the interest coverage ratio covenant to include the unencumbered cash position of the company in addition to consolidated ebitda , allowing the company more wiggle room to meet its debt obligations .
in 2015 , hyflux and its consortium partner mitsubishi heavy industries was named the preferred bidder by the national environment agency to design , build , own and operate singapore’s largest waste - to - energy plant . the company’s first waste - to - energy project will have one of the best land utilisation factors in terms of incineration capacity per unit floor area and will also be one of the most efficient in terms of energy recovery per unit waste incinerated in the world . with this win , hyflux will add energy recovery from waste to its range of environmental solutions as the company focuses on contributing to resource optimisation and sustainable growth for communities and industries .
olivia lum , founder and ceo of singapore - based hyflux , has often said that she is attracted by the unpredictable . this love of the unknown was perhaps the catalyst for her choice to study chemistry , but is more likely the reason why lum is the first ever woman to be crowned ernst & young world entrepreneur of the year ( 2011 ) .
our projections do not support the view that its earnings will generate sufficient free cash flows to support its debt repayments . in view of this , hyflux will likely tap the bond markets again soon to extend its debt maturity profile , redeeming the considerable amount of debt securities coming due and preventing an escalation of its borrowing costs due to the onerous coupon step - ups of its perpetual securities .
still , olivia lum is facing her biggest challenge yet . the company’s moderate size means that resources for its famed r & d and industrial projects , which need heavy investments , are limited . though hyflux’s share prices are buoyant , to say the least , she knows very well that unless she finds viable financing methods for these big - ticket projects , the company’s ambitious plans might not take off .
despite this , hyflux has not formally breached its financial covenants that it has to meet under its s $ 1 . 5 billion multicurrency debt issuance programme , which requires an interest cover of at least 3 times , a consolidated tangible net worth of not less than s $ 300 million , and the ratio of consolidated net borrowings to consolidated tangible net worth of not more than 1 . 5 times .
hyflux’s revenues are mostly derived from the operation and maintenance ( o & m ) of more than 30 water , wastewater , water recycling and desalination plants around the world through service concession arrangements . a significant part of its earnings come from the recognition of engineering , procurement and construction ( epc ) revenues from its pipeline of municipal and industrial projects . this includes the sale of proprietary water filtration membrane technology for industrial use .
in fact , at the time of its launch , hyflux was a company whose time had come . the firm opened its doors when singapore’s dependence on malaysian water supplies was a vexing concern for its citizens , and its government was introducing an ambitious program to achieve water self - sufficiency . the company’s role in this project and another national project on water - recycling strengthened its reputation and projected its image as a leader in the field .
hyflux has also recently ventured into the consumer segment to grow their recurring income with its investment in indonesia - based pt oasis , a manufacturer of bottled drinking water . it also invested with kaqun europe , a consumer water technology company , to manufacture and distribute highly oxygenated water under a brand name elo within the asia - pacific region . however , these investments are in its early stages and unlikely to provide support to its earnings soon .
two weeks ago , while receiving her entrepreneurship award at monte carlo after pipping 48 other well - known entrepreneurs at the post , the 50 - year - old told the world that “there are no difficulties you can’t overcome when you have faced the challenges of hunger and poverty . ” it is perhaps this strong self - belief that has inspired hyflux’s grand motto : ‘quenching the world’s thirst . ’ that said , olivia lum’s thirst to be the best may be unquenchable .
fy2015 and 1q2016 was a strong period for hyflux as the company strengthened its order book by a significant 21 % to s $ 3 . 66 billion from s $ 2 . 93 billion as at end - fy2014 . this came from a slew of new project wins which include building a seawater reverse osmosis desalination plant in oman ( qurayyat iwp ) , the contract to build the ain sokhna integrated water and power project in egypt , as well as two projects in saudi arabia .
in 1994 , just as china was opening its doors to foreign investments , olivia decided to venture into the vast chinese market , setting up an office in shanghai . it was an uphill task for a young singapore company with limited resources and little knowledge of a market which had not even heard of , let alone embrace , the concept of wastewater treatment . patience , perseverance and optimism paid off eventually , and the hyflux’s presence in shanghai also allowed it to serve existing clients in singapore who were moving their production lines to china .
mr . yeung is a co - founder and principal of odyssey capital and tigris infrastructure partners . he has over 15 years of infrastructure investment , investment banking , and infrastructure operating company experience . after establishing odyssey capital , he has advised more than a dozen water companies in asia on various strategic and fund raising mandates on public private partnership ( ppp ) projects in growth markets in asia , including india , indonesia , china , philippines , and thailand . mr . yeung worked at ifc , based in hong kong , investing in power , water , ports , roads and renewable energy in emerging markets in asia . mr yeung was formerly a senior vice president at srei infrastructure finance , and a vice president at hyflux water trust and hyflux capital . he started his career as an investment banker at credit suisse first boston and bankers trust , based in sydney , australia . mr yeung holds a b . ec . ( hons ) from university of sydney , llb from university of new south wales , master of science in foreign service from georgetown university , and is a cfa charterholder .
olivia lum’s extraordinary story suggests that unpredictability might well be her raison d’être . her childhood is an inspiring tale of immense hardship and soul - numbing poverty . it seems this difficult early life instilled within her exceptional determination and resourcefulness , which she has employed to propel her company to great heights . today , hyflux is one of the world’s leading suppliers of water desalination equipment , with annual revenues of over $ 450 million and a workforce of more than 2 , 300 people across various countries in asia , the middle east , and north africa .
additionally , hyflux has four outstanding bonds issued under its debt issuance programme , with maturities extending into 2019 . it also has three perpetual securities with embedded call provisions , obliging the company to redeem them upon its first call dates ( which falls between 2016 and 2018 ) , or face hefty variable coupon step - up rates . hence , it is expected to redeem one series of its perpetual bonds ( hyfsp 4 . 800 % perpetual corp ( sgd ) ) when it reaches its first call date in july as well as hyfsp 3 . 500 % 21jul2016 corp ( sgd ) which will come due in the same month , requiring a total principal repayment of s $ 275 million in 2016 .
while hyflux remains fundamentally solvent as a business , we think liquidity will likely be an issue for the company given the extent and maturity profile of its borrowings . its balance sheet is therefore anticipated to remain weak as looming principal debt repayments and interest costs crimp its cash balances . as of end - fy2015 , the company had s $ 1 billion in total bank borrowings which are repayable over a period of 15 years , a proportion of which ( s $ 484 million ) consists of unsecured bank loans which will come due over the coming year . it had recently secured refinancing of its revolving credit facility and rolled over its existing five - year us $ 200 million facility due for repayment in july . given the relatively low quantum of its remaining short - term loans ( s $ 274 million ) , it is expected to successfully refinance the rest of its short - term borrowings .
most people would be satisfied with such progress but not lum . it was the late 80s and her ambition was straining at the leash . in an interview with the financial times , she narrates how her supervisor at glaxo was shocked that she wanted to quit and start her own business . his astonishment was not unreasonable in the small state of singapore , whose economy at that time was dominated by multi - national companies ( mncs ) . the goal of the average young singaporean was to get inside the hallowed doors of these mncs , which offered good money and a cozy lifestyle . but lum , who had tasted adventure when still young , turned her back to such comfort . she sold her car and apartment and used the money to set up a water treatment plant named hydrochem , the precursor to hyflux . her interest in the area had grown after she helped develop such a plant for glaxo . lum’s natural intelligence told her that the world would soon start demanding clean water , and her keen mind sensed an opportunity .
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elo is living water – a special oxygen - rich water that nourishes the body from within & enhances overall well - being .
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the company has advised its shareholders on the expected loss based on the currently available preliminary assessment of its unaudited financial results for the quarter , which is in the process of finalisation .
the company will announce its unaudited financial results for q2 2017 on or before aug 14 .
it reported a net loss of $ 25 . 1 million for the three months to june 30 , compared with earnings of $ 2 . 6 million for the same period a year earlier .
the net loss includes the up - for - sale tuaspring plant , which the firm noted
contributed losses of $ 20 . 9 million due to weak power spreads in the singapore market
.
tuaspring has been an impediment to earnings since it started its power plant operations in march last year . the firm said in february this year that it was exploring a partial sale of the asset .
quarterly revenue dropped 65 per cent to $ 81 . 8 million , owing to lower engineering , procurement and construction activities for the tuasone waste - to - energy project here and the qurayyat independent water project in oman .
net loss excluding tuaspring : $ 4 . 2 million ( % change not meaningful )
the firm said it recorded a gain of $ 16 . 5 million after selling its 50 per cent stake in its galaxy newspring joint venture in march .
staff costs rose 20 per cent to $ 23 . 3 million , mainly owing to the tuasone project , which entered a
manpower - intensive phase of the construction schedule
.
singapore accounts for about 58 per cent of total revenue and the middle east around 31 per cent , said the firm .
quarterly loss per share was 4 . 91 cents , compared with a 1 . 58 - cent loss a year earlier , while net asset value was 28 . 9 cents a share as at june 30 , compared with 45 . 1 cents as at dec 31 last year .
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foreign buyers are eyeing a piece of the tuaspring power and desalination plant , in a transaction that could take singapore ' s largest desalination plant out of local hands .
tuaspring , asia ' s first integrated water and power plant which cost more than $ 1 billion to build , has attracted buying interest for years .
most requests are from chinese and japanese buyers , although there is interest from south - east asia and the middle east as well .
potential buyers include infrastructure funds keen on stable income , or operators looking to beef up their track record and gain an advantage when they bid for projects overseas .
although tuaspring ' s power plant is loss - making , under a water purchase agreement signed with the pub , the facility is to supply the national water agency with 70 million gallons of desalinated water a day over a 25 - year period from 2013 to 2038 . the plant goes back to the pub at the end of 25 years .
asked by the straits times if there are any restrictions on foreign ownership for singapore ' s strategic water assets , the pub said :
any divestment or change in the identity of the concession company or its shareholding . . . will require pub ' s approval .
but tuaspring would not be singapore ' s first water asset to be placed under foreign ownership . in january , a $ 170 million newater plant - singapore ' s fifth - was opened in changi . that plant is an 80 - 20 joint venture between chinese water utilities company bewg international and singapore environmental engineering firm ues holdings .
notably , a change in ownership will not have any bearing on the price at which tuaspring sells water to the pub , or from the pub on to end consumers .
there is no restriction on foreign ownership of power generation assets in singapore ' s power sector .
the trials will study whether patients with diabetes can obtain better glycaemic control by drinking elo water in addition to their ongoing lifestyle and medical treatments , and whether diabetic foot or ankle ulcers can be treated with elo water bath and elo gel , they said in a joint statement .
dr joan khoo , senior consultant and chief of endocrinology at cgh , is the principal investigator of both trials .
elo water is created through technology that allows a high level of oxygen to exist in the water in a unique , stable and bound form that is believed to allow quick absorption by the body , restoring its natural balance and enhancing health and overall well - being .
positive results have been obtained from animal trials of elo water conducted overseas , said the statement .
trials conducted by researchers at monash university in australia on transplanted human cancerous tumours in mice showed that elo water through oral application was able to be absorbed and penetrated into the tumours , enhancing oxygen levels inside the cancers and inhibiting their growth .
diabetes is a big public health concern for singapore . in 2015 , international diabetes federation reported that 12 . 8 per cent or 541 , 600 of singaporeans aged 20 years to 79 years have diabetes .
the prevalence of type 2 diabetes in singapore is forecast to double from 7 . 3 per cent in 1990 to 15 per cent by 2050 .
in 1989 , olivia lum , a chemistry graduate from the national university of singapore , left a promising career at glaxo pharmaceutical to fulfil her dream to set up her own business . challenged by the difficulties that industries faced in treating the wastewater from their processes and anticipating increasing pollution of waterways with rising urbanisation and industrialisation , olivia saw that the water treatment business could only be a “sunrise” industry . so armed with a big dream and youthful idealism to solve the world’s problems , olivia sold her apartment and her car to raise s $ 20 , 000 as start - up capital for the business . hydrochem ( s ) pte ltd was incorporated on 20 june 1989 and started operations with two other staff . during the early days , olivia knocked on countless doors of factories in singapore and malaysia to sell water treatment products and systems using traditional technologies .
in 1992 , acting on the foresight that membranes would be the next big trend for the water industry , hydrochem obtained the exclusive rights from a supplier to distribute membranes and membrane filtration plants to industrial customers . not only did the company acquire the knowledge of membrane installation , it also sparked some early research into membrane technologies .
the late 1990s saw hydrochem establishing a reputation for itself in the area of membrane filtration technology for the water industry . because the technology was relatively new to industries , the company conducted more than 100 pilot plant trials of membrane applications and water treatment technologies for the pharmaceutical , food and electronics industries . its efforts paid off when the company began to secure larger projects .
in 1999 , a r & d team was set up with the aim of manufacturing its own range of membranes . having a proprietary technology would set hydrochem apart from its competitors in the growing water industry . the first generation of kristal® hollow - fibre ultrafiltration ( uf ) membranes was successfully produced in - house and proved their robustness when put to test in singapore’s jurong bird park wastewater recycling project .
since then , several generations of kristal® uf membranes have been produced and today , the brand is a market leader and have been installed in some of the world’s largest membrane - based desalination plants . several membrane products , systems and applications have since been developed out of the r & d centre , currently one of asia’s largest for membranes and materials technologies .
the project swiftly got off the ground and was completed three months ahead of schedule . on 13 september 2005 , prime minister lee hsien loong turned on singapore’s fourth national tap with the official opening of singspring desalination plant .
the company established a new footprint in the middle east north africa ( mena ) region when it secured the first project in algeria in 2006 – a 200 , 000m 3 / day swro desalination plant with a 25 - year concession located in tlemcen .
in 2008 , amidst intense global competition with international players , the company won an international tender to build africa’s largest swro desalination plant in magtaa , algeria , which would add 500 , 000m 3 / day of water supply to the country when fully operational .
executive chairman and group ceo olivia lum made history when she became the first singapore and the first woman to win the prestigious ernst & young world entrepreneur of the year in june 2011 .
in 2014 , the company won its largest project in the sultanate of oman – a 200 , 000m 3 / day swro desalination plant with a 20 - year concession located in qurayyat .
but founder and chief executive olivia lum would be the first to tell you that this success was hard fought .
“nobody who starts a business anticipates how difficult it will be , ” she said .
“when you start off as a small company you are not well - recognised , because you have no brand and singapore is a mature and competitive market . ”
“singapore customers , when they saw that my office address was not very sexy , in tampines industrial park , they knew that i was a small firm and practically nobody believed in me , ” she said .
“i thought , if i was able to satisfy singapore’s need for water , then i could satisfy any country that needs water . so i looked at the map of the world and asked myself , which region in the world faces a shortage of water ?
“one solution , i thought , was to go to malaysia , because with my singapore address , malaysian customers won’t know how big or small i was . ”
“i didn’t want to venture beyond jb because anything farther than johor meant flying , and airfare is expensive , and you have to consider such things as a start - up , ” she said .
“johor is not a high - end market but at least it gets you going . ”
even then , it was a tough journey . ms lum spent each day making cold calls , travelling up and down the causeway by motorcycle – she had sold her car and house to fund her start - up – and knocked on many doors to sell her water filtration system .
after a few years of doing this , she felt that she had gained enough experience and could grow the company further by venturing into another market .
“i went around the whole of south - east asia and everywhere was just as competitive as singapore , because between 1990 and 1995 , most asean countries were booming , so i decided that maybe i should venture farther , ” she said .
ms lum eventually decided on china , reckoning that she could gain a foothold in the market as she could speak the language , and set up an office in shanghai in 1993 .
“it was a very raw market . rules were not transparent in those days , ” she recalled .
“i still remember that every day we had to ask our staff to go to the notice board of the local government bureau to see what the changes were that particular day . new rules or any changes to existing rules were not announced in the newspapers or anywhere else , you had to go to the government offices to find out . ”
despite her language skills , ms lum also came to learn that there was a big cultural divide that made it difficult for her to communicate effectively with her potential customers and to close deals .
“in china , there are meanings hidden behind every sentence . they say things in different ways and they mean different things . in their culture they would also not say no to your face even if they mean no , ” she said .
such difficulties and uncertainties led many businesses to give up on the chinese market in those days , ms lum said .
“we almost bankrupted the company in the first two years of being in china , ” she recounted .
“but i told myself that we just had to persevere , that china was too big to ignore , and since i was already there and had wetted my feet , i might as well soak myself in it and learn how to walk . ”
soon after , in 1997 , south - east asia was embroiled in a financial crisis and many water treatment companies in singapore and the region suffered heavy losses or had to be wound up altogether .
“because of the circumstances , the financial crisis that set my competitors back a bit , i took the opportunity to run ahead , ” ms lum said .
“you might have an opportunity , maybe a contact who is bringing in some business for you , but it might not be sustainable , ” she said . are you among the top three firms among your peers in that market ? if you are not , how are you going to chart a path to attain that position ? because otherwise you will always be a follower and in a crisis you would have to fold . ”
“after 1997 , i decided to come back to relook the singapore market after having established myself in shanghai . . . ”
the answer was the middle east and north africa . not only was this region covered in desert and naturally barren of water , it was also still using energy - intensive technology to clean its water .
“if we can cover china , india , the middle east , africa and south - east asia , we would have covered almost the whole world , ” ms lum quipped .
“you might have an opportunity , maybe a contact who is bringing in some business for you , but it might not be sustainable , ” she said .
“because otherwise you will always be a follower and in a crisis you would have to fold . ”
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we believe emerging market fundamentals are much healthier now , when compared to recent years .
global growth trends continue to improve as most major economies are seeing faster than expected expansion .
crude oil prices have rebounded recently , reflecting the renewed optimism about healthier demand in the coming quarters .
taiwan , the east asian island that has close political and economic ties with china , has made a name for itself in the field of global electronics manufacturing .
“there are no difficulties you can’t overcome when you have faced the challenges of hunger and poverty . ”
— olivia lum , while receiving the ernst & young world entrepreneur of the year 2011 award .
but thoughts of such wealth and success must have been far from young olivia lum’s mind when she was growing up in a cramped tin house with a leaking roof and no running water and electricity . she was abandoned at birth and brought up , along with several other orphans , by an old lady in what was little more than a makeshift hut in a small malaysian village .
the leaking roof might have prevented her from sleeping peacefully , but it did not stop her from dreaming big . after her initial primary education , lum was instructed to begin working just like the other orphans . but not one to give up easily , she tried everything from rubber - tapping to selling papayas to pay for her education as well as contribute to the family finances . her perseverance paid off . egged on by her impressed teachers , she graduated with a degree in chemistry from the national university in neighboring singapore , and found a job as a chemist with glaxosmithkline .


virgin media ireland is liberty global 's telecommunications operation in ireland .

it is the largest digital cable television provider within the republic of ireland .

as of 31 december 2014 , the company offers broadband internet , digital television and digital ( voip ) telephony to 1.1 million customers .

until 4 may 2010 , virgin media ireland traded under the name chorus ntl and upc ireland until 5 october 2015 .

its main competitors in the irish pay tv market are sky ireland , eir and vodafone ireland .

virgin media ireland

virgin media ireland is on facebook . to connect with virgin media ireland , join facebook today .
richard branson - founded virgin media will launched in ireland this thursday , with cable broadband and tv provider upc ireland moving to the virgin media brand .
it ' s official . virgin media is ireland ' s fastest broadband network .
virgin media ireland is adding uktv play to its catalogue of catch up services .
ireland’s newest television channel utv ireland is to be sold to virgin media , which also owns rival station tv3 .
virgin media ireland chief executive tony hanway said at the time that eir sports was “not an integral part of the virgin media product offering” .
©2018 virgin media . all rights reserved virgin media ireland limited , building p2 , eastpoint business park , clontarf , dublin 3 . registered number – 435668 .
©2017 virgin media . all rights reserved virgin media ireland limited , building p2 , eastpoint business park , clontarf , dublin 3 . registered number – 435668 .
welcome to virgin media ireland ' s official facebook page . feel free to ask . . .
broadband services have been restored to virgin media ireland customers after a major outage on tuesday night .
virgin media has bought utv ireland from itv plc for €10 million in a deal that unites utv ireland with tv3 under the same ownership .
virgin media customers can access any of the bitbuzz hotspots in ireland and in the uk for free .
virgin media said in july it had agreed a deal to acquire utv ireland from itv for €10m .
in december 2014 upc ireland became part of the virgin business , with upc ireland ceo magnus ternsjö now reporting to virgin ceo tom mockridge .
virgin media has 457 , 700 customers in ireland , with most people subscribing to more than one product .
virgin media ireland says broadband and phone services have been restored for customers after a major outage last night .
the re - launch follows the takeover of utv ireland by virgin media - who also owns tv3 group .
virgin media’s acquisition of utv ireland has been granted regulatory approval four months after the deal was first announced .
upc ireland has announced plans to rebrand as virgin media . the move comes after it became a part of the virgin group last december .
the controller of your information is virgin media ireland limited having its registered office at unit p2 eastpoint business park , clontarf , dublin 3 , ireland .
virgin tv comes with virgin catch - up tv , virgin media remote record , virgin tv anywhere , and pause , rewind , and remote record facilities as standard .
to avail of sky sports & / or sky movies hd you must first have a subscription to virgin media ireland’s hd service or virgin tv .
you get ireland’s fastest in - home wifi with our high performance virgin media hub . nothing added but speed .
upc ireland will become virgin media from monday october 5th , and mobile services will launch on the same day .
virgin media has great offers on its broadband bundles . broadband speeds of up to 360mbps are available around ireland .
virgin media ireland has launched its slick new campaign directed by brian williams for its rebranded platform and new service .
upc ireland – the home of ireland’s best broadband – is to become virgin media . all upc ireland operations , products and services – residential and business – will transform into one of the world’s most recognised and reputable brands , virgin media , from next monday 5th october .
“once again , virgin media is pulling out all the stops when it comes to giving our customers the best value entertainment packages possible with the launch of uktv play on our virgin media on demand platform , ” said paul farrell , vp of virgin media ireland .
virgin media has been awarded ireland’s fastest broadband three years in a row by ookla and at the 2018 urltoken awards .
virgin group founder richard branson arrives for the virgin media party in the rds in dublin . image : urltoken
virgin media is a part of liberty global , the world’s largest international cable company . virgin media and liberty global serve 27 million customers across 14 countries
mr ternsjö said : “introducing the virgin media brand to ireland is a big investment in our business and our future .
tony hanway , ceo of virgin media ireland : the company is increasing its prices from january . photograph : dara mac dónaill
virgin media ireland has insisted it will not pay for access to rté channels and that rté benefits commercially from occupying the top channel positions on the virgin platform .
another example of a strictly necessary cookie is our very own my virgin media cookie which is needed to register with my virgin media . this cookie stores your log in details so that when you come back to my virgin media and enter your log in details , you can access your my virgin media account .
how to connect to a virgin media wi - fi network on windows 10 .
virgin media ireland is putting its prices up in january for the second time in less than a year for many of its subscribers .
last november utv media sold its television assets , including utv ireland , to itv for €135m .
no structural changes are anticipated as part of the rebranding of upc to virgin media .
“this is a very positive development for irish broadcasting and ensures virgin media’s continued investment in top quality programming and local production , ” virgin media chief executive tony hanway said .
to tell you about the virgin media products and services we think you may love .
to deliver your orders so you get your virgin media goodies as quickly as possible .
compare the latest virgin media broadband , tv and phone packages , switch and save .
virgin media’s customers paid €22 a month to subscribe to eir sport’s pack of channels .
it was then announced that the channel would be bought by virgin media last july .
but what advantage is there to occupying the top spots on a linear channel menu ? according to virgin media ireland , quite a lot .
virgin media ireland , previously known as upc ireland , saw its television customer base drop below 300 , 000 in the first quarter of 2017 , continuing a pattern of decline in recent years .
tony hanway , ceo of virgin media ireland , said : “we are delighted to welcome utv ireland to the virgin media family . this investment demonstrates our commitment to provide great entertainment for irish viewers and adds ireland ' s newest tv channel to our existing portfolio which includes tv3 and 3e . this is a very positive development for irish broadcasting and ensures virgin media ' s continued investment in top quality programming and local production .
tony hanway , chief executive of virgin media ireland , a wholly - owned subsidy of liberty global , said he was delighted with the deal .
virgin media is one of ireland’s only quad - play providers , meaning you can bundle your broadband , tv , phone and mobile plans if you’d like . virgin media also has great deals on sim - only plans for existing customers .
upc is owned by liberty global , which acquired britain ' s virgin media in 2013 .
“creating opportunities for our customers to do more online is a priority for virgin media . ”
“this is a fantastic day for me and everyone at virgin media , ” richard said .
virgin media is a part of liberty global plc , the world’s largest international cable company .
to watch , press home on your virgin media remote , then on demand > movies .
utv ireland broadcast its final ireland live news bulletin on friday , with many people showing support for its workers .
virgin media offers a variety of different packages , with fibre broadband speeds of up to 360mbps available . virgin media is not available in all areas across the country but you can check availability in your area to see if you can avail of virgin media’s services at your address .
on completion of the acquisition , utv ireland will become part of virgin media , a subsidiary of john malone’s cable television and broadband group liberty global .
virgin media ireland ' s chief executive , tony hanway , has said that he believes the company has seen the worst of its tv subscriber losses .
after 1 million speed tests , virgin media has been certified as ireland ' s fastest broadband network by ookla , the global leader in broadband testing .
brendan mcdonagh , director of strategic policy at ida ( industrial development authority ) ireland , briefs the virgin media business blog on the state of ‘ireland inc . ’ and discusses the challenges and opportunities [ … ]
virgin media is also owner of tv3 group - ireland’s number one commercial broadcaster with three free - to - air channels including tv3 , 3e and be3 .
virgin media ireland’s ‘elvis’ preaches the merits of flexible contracts in a las vegas wedding chapel in an image from its new advertising campaign . photograph : david sexton
eir said it was available for “further talks” to ensure that virgin media’s customers “don’t miss out” .
virgin media ireland ( owned by liberty global europe ) is principally a digital television cable service available through subscription in ireland , though there are areas that still receive an analogue service and the delivery technology can also vary . it was itself formed by the merger of chorus digital and ntl ireland known as chorus ntl until rebranded as upc ireland .
virgin media ireland will woo students and other contract - averse customers with a new slimline television service called freedom tv that requires only 30 days’ notice to cancel .
connect to any virgin media wifi hotspot and get the same great broadband when you’re out and about .
we use your information so we can provide you with virgin media services and products . for example :
upc ireland will become virgin media from next week , and to celebrate they ' re offering all existing customers three months unlimited texts , calls and data . . .
virgin media ireland says problems with its broadband and phone services have been resolved after a major outage last night - although some customers are still reporting issues this morning .
richard williams , general manager , uktv play said : “it’s exciting to be launching uktv play on virgin media ireland as it marks another step forward in the growth of the service . we welcome the partnership with virgin media ireland and are delighted that viewers can now watch dave , w , gold and alibi shows anytime , anywhere .
virgin group founder richard branson said virgin media has revolutionised the uk market , improving customer service , increasing speeds and bringing more choice to customers . he added that he was “delighted” to bring the company to ireland .
virgin tv anywhere is subject to device registration on a maximum of 2 devices in addition to your set top box . virgin tv anywhere service includes 80 channels available to watch out of home over 3g , 4g and public w - fi networks . virgin tv anywhere requires your device to have ios7 or above for apple products & os . 4 . 0 . 3 or above for android , windows 10 devices & is available to virgin media ireland customers with virgin media ireland tv .
from monday morning , ireland will have a new tv channel - as utv ireland is rebranded as part of the tv3 group .
there is a charge of €30 for each phone handset . virgin media ireland guarantees the handset for the first 6 months & faults thereafter are the responsibility of the customer .
virgin media ireland chief executive tony hanway : “what we will not wish to do . . . is pay for access to rté’s content . ” photograph : dara mac dónaill
pat kenny and colette fitzpatrick on the set of tv3’s current affairs show ‘pat kenny tonight’ . the station may start broadcasting in the north following virgin media’s takeover of utv ireland
in september , virgin media was fined €255 , 000 for not giving 26 , 000 customers proper contracts .
the company , formerly known as upc ireland , has 363 , 800 broadband subscribers , 312 , 200 television subscribers and 352 , 200 home phone customers in ireland , according to the latest figures from liberty global , virgin media’s parent company .
virgin media , formerly upc ireland , lost 10pc of its irish tv customer base in the last year with more losses on the way , according to its latest financial accounts .
this is the first time virgin media will offer mobile packages in ireland , with the unlimited packages available to the 500 , 000 upc ireland customers for just €25 a month after the initial free period . and there ' s plenty more where that came from , with virgin media promising to keep bringing the magic to its customers in the coming months .
utv ireland was launched in january 2015 by belfast - based utv media , but after a string of profit warnings , both the original utv channel aimed at viewers in northern ireland and dublin’s utv ireland were sold to itv for a price tag of £100 million .
virgin media on demand you must have a compatible virgin media set top box . if your box is not compatible you can order a new one by contacting us on 1908 . a charge may apply for the new box .
this policy applies to all customers and prospective customers of virgin media as well as to any visitors to or users of our websites or apps , or any person that engages with us whether or not customers of virgin media .
virgin media is paying €10 million for the television station , which was sold to itv just nine months ago .
virgin media offers broadband speeds of up to 360mb in some areas and has been named ireland’s fastest broadband provider by ookla for 3 years running , and at the 2018 urltoken awards .
with the virgin media hub , you’ll get best - in - class wifi performance in the home - and anyone signing up to virgin media broadband gets a this modem absolutely free , as well as free connection and free delivery .
tv3 - owner virgin media has been given the green light to press ahead with the acquisition of utv ireland . the €10m deal , which will be funded through existing liquidity , includes a 10 - year output agreement for itv - produced programming in ireland .
“this is our way of understanding this part of the market . apps and streaming are at the heart of it , ” said virgin media ireland’s vice - president of commercial paul farrell .
use my virgin media to let us know if you’re moving home and we’ll make the move as simple as possible .
virgin media operates its own network , which means they can offer full support to you if any coverage issues arise .
virgin media offers broadband speeds of up to 240mbps and up to 360mbps , depending on what plan you opt for .
switching to virgin media is quick and easy . all you need to do is choose which plan you’re interested in and fill in a few details , including your address and bank details . virgin media will also look for your uan .
we contacted virgin media customers in early january 2016 to advise what was happening and what the next steps would be .
virgin media ' s tom mockridge confirmed the new brand in ireland will have
some exciting plans in the pipeline to boost competition for consumers , which we will announce in due course
.
uktv channels dave , w , gold and alibi are now available through virgin media ireland’s on demand platform , making over 1 , 000 additional hours of catch up tv available to its customers .
the proposed transaction follows the successful acquisition of tv3 group last year and is further testament to the confidence virgin media has in the irish tv programming and production sectors . on completion of the acquisition , utv ireland will become part of virgin media which will be an essential step to securing the channel’s long term future .
these terms and conditions are in addition to virgin media’s general terms and conditions , a copy of which is available here .
virgin media is part of liberty global , the world’s largest international cable company , with operations in more than 30 countries .
“virgin media’s investment in tv3 has already supported the expansion of our studio facilities and increased production , ” mr kiely said .
broadband packages and standalone broadband deals are available from virgin media , so you should find a plan to suit your budget .
chief executive tony hanway says virgin media does rté a favour by giving it the top spots . photograph : dara mac dónaill
tv3 md pat kiely said the purchase of utv ireland by virgin “will support tv3 to further compete against significant local and international competition” .
in the first of a planned new series of innovations putting customers at the heart of all virgin media products and services , virgin media said it will introduce mobile to customers in ireland for the first time with a simple new unlimited mobile plan offering infinite data , calls and texts . celebrating its launch , virgin media is also offering three months of unlimited mobile for free exclusively to its 500 , 000 customers , and for only €25 a month thereafter .
virgin media is ireland’s fastest broadband network and home of the best connected entertainment . we help to create a digital world that makes good things happen for our customers and the communities in which we operate .
magnus ternsjö , ceo of virgin media in ireland added : “as we have done time and again , we’re making what’s great even better . transforming the upc business into virgin media will keep our customers at the heart of everything we do . it will bring magic to our overall offerings and change the irish telecommunications market for good .
other factors that may impact the actual speed experienced include the connection from your device ( s ) to the cable modem & the websites visited . wi - free : when you sign up for virgin media’s broadband service your modem will automatically offer a second signal for wi - free . if you would prefer your modem was not available to other virgin media customers visiting your home you can opt out at any time by logging into my virgin media ireland . if you choose to opt out , your modem will not offer a wi - free service nor will you be able to connect to other wi - free networks . you must be a virgin media broadband customer & in the home of another participating virgin media broadband customer to avail of the wi - free service . all virgin media broadband customers can connect to wi - free . wi - free will give you speeds of 2 . 5mb download & 0 . 5mb upload . up to 3 members of a virgin media household can connect to wi - free at a time . 5 virgin media customers can connect to a single modem at a time . the wi - free service is subject to our acceptable usage policy . these terms & conditions are in addition to virgin media ireland’s general terms & conditions , a copy of which is available here
upc’s parent company liberty global operates in a number of markets in europe and the americas , including as virgin media in britain .
virgin media has a number of broadband and phone packages , which range in price depending on the call package you’re interested in .
as part of the deal , virgin media will also take over a 10 - year programme supply agreement with itv global entertainment .
virgin media said it was not required to give rté one and rté two the best channel positions on its electronic programme guide .
the virgin media full house bundle , where awesome entertainment comes together . with amazing tv , all the action from sky sports & sky cinema and ireland’s fastest in - home wifi . just €148 a month .
this is a list of the channels currently available on the virgin media ireland service . the availability of channels varies depending on the package chosen and not all channels are available in all areas . launch and removal dates are shown from the upc ireland rebrand on 4 may 2010 , onwards .
feedback on “utv ireland is being sold to the company that already owns tv3” .
why online - only supermarkets haven ' t come to ireland . . . yet
virgin media also offer a service called red house , where technicians from virgin media can visit your home to fine - tune the set - up of your broadband and tv , connect all devices , upgrade equipment , and sort any issues you might be having .
“this is a fantastic day for me and everyone at virgin media . i’m thrilled to bring our brand to homes and businesses all over ireland . virgin media is going to shake up the market with an unbeatable service – we have a great foundation to build on and there are no limits to what we want to achieve for our customers . ”
commenting on the announcement , virgin group founder richard branson said :
we are delighted to bring the virgin media brand to ireland . we are proud of the way it has revolutionised the uk market , improving customer service , increasing speeds and bringing more choice to our customers .
all operations , products and services will move to the new virgin media brand , with the rebranding expected to be completed this year .
“nobody likes a price rise , and we understand this , ” the company , a subsidiary of virgin media uk , writes on its website . “that’s why we’re always looking to bring you the best virgin media experience , ” the website notice states , without elaborating .
whatever your taste on the silver screen , there ` s a movie you ' ll enjoy watching on sky cinema from virgin media .
tv3 was bought by virgin media ' s parent group , liberty global , in july 2015 in a deal worth up to €87m .
utv ireland was launched in january 2015 . it was bought by itv last year , which also bought utv’s northern ireland - based television service at the same time .
virgin media also offers what they call a red house visit , which is where virgin media technicians visit your home to fine - tune the set - up of your broadband and tv , connect all devices , upgrade equipment , and sort any issues you might be having .
forget expensive mobile data charges wi - free is here . virgin wi - free lets our broadband customers connect to red - hot broadband when they visit the home of another participating virgin media broadband customer .
copyright © 2018 post publications limited . registered in ireland : 148865 . developed by square1
ireland ' s competition watchdog is to carry out a more detailed examination . . .
itv , which is 9 . 9 per cent owned by virgin’s parent liberty global , is now fighting to be allowed seek retransmission fees for its flagship channel from cable and satellite operators , including virgin media .
the virgin media acquisition means rté is likely to face increased competition from a single , strengthened rival , led by the tv3 operation at ballymount .
when you sign up to a virgin media broadband plan , you can experience truly superfast fibre broadband straight to your home . virgin media broadband allows you to seamlessly stream your favourite tv and music , connect with friends and family on video calls or play games online without the dreaded lag .
you can reach virgin media by phone on 1908 , and they also have a live chat feature on their website if that suits you better .
david bouchier , chief digital entertainment officer at virgin media , said : “the acquisition of utv ireland gives us leadership in commercial broadcasting in ireland and extends our platform to showcase the best irish , uk and international programming . it also gives us exciting opportunities to buy and make exclusive programmes for our virgin media customers in both the republic of ireland and the uk . our vision for television is about bringing people closer to the programmes they love how , where and when they want to view it – be that linear , on - demand or online . ”
it is not yet known if the deal will result in job losses at utv ireland .
so what about that idea that virgin “voluntarily” gives rté the best spots on its electronic programme guide ? sky would agree with virgin that it does the same ( and furthermore that it’s regulated in the uk , not ireland ) .
“we are delighted to bring the virgin media brand to ireland . we are proud of the way it has revolutionised the uk market , improving customer service , increasing speeds and bringing more choice to our customers . building on the strong platform in ireland , i know we will do great things together with liberty global and shake up the irish market even further , ” said virgin group founder richard branson .
virgin media’s mix 240 plan is what’s known as a triple - play deal , which means you get your broadband , phone and tv in one .
traditional brands turn to influencer marketing to attract social media - mad . . .
i asked the broadcasting authority of ireland what would happen if virgin was suddenly to deprioritise rté’s channels . it agreed that virgin and sky had voluntarily put rté and the other irish channels in the top spots . but , crucially , it said it would intervene if virgin didn’t fancy doing so any more .
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the sharp fall in its tv customer base means that virgin now has more broadband customers than tv customers in ireland for the first time in the company ' s history .
virgin media said it will keep bringing magic to its customers with many more trail blazing developments in the coming months . virgin media’s mobile launch also signals a new four - way offering of digital tv , the best broadband , mobile and landline in a single bundle , or any selection of these services that customers want .
the acquisition of utv ireland means tv3 has effectively taken back control of the soap opera cash cows and it may decide to transfer them to the tv3 channel rather than keeping them on utv ireland .
upc ireland has strong finish to 2009 “upc ireland finished the year strongly , ” said dunn . “these results demonstrate that consumers are responding positively to the compelling propositions delivered by our fibre - powered network .
utv ireland was launched in january 2015 , and was acquired by britain ' s itv in 2016 .
bill blake , head of media content with virgin media , told the irish times that eir sport’s loss to sky of the irish rights to live english premier league games on a saturday afternoon and declining subscriber numbers were behind its decision to drop eir sport .
utv media had initially predicted utv ireland would break even by the end of its first year , but six months into operation it forecast the operation would instead record a €15 . 6m loss .
commenting upon approval of the deal , virgin media ceo tony hanway said : “we’re delighted to have received regulatory approval to acquire utv ireland . this follows our acquisition of tv3 last year and we look forward to playing an even bigger role in the irish broadcasting sector . ”
“i’m thrilled to bring our brand to homes and businesses all over ireland . virgin media is going to shake up the market with an unbeatable service – we have a great foundation to build on and there are no limits to what we want to achieve for our customers . ”
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the price change does not affect mobile customers . virgin has built up 13 , 600 mobile customers since launching services in october 2016 under a mobile virtual network operator agreement with three ireland .
the company has 381 , 000 digital tv customers in ireland , a 9pc growth on the previous year .
it is the company ' s slowest rate of broadband customer growth in ireland since it introduced the service .
virgin media is writing to all home and business customers to let them know its plans and will start an extensive marketing and advertising campaign titled ‘here comes the magic’ next week .
all the latest releases available with virgin media on demand movie rental service . watch the latest hollywood blockbusters in hd for €5 . 99 or in sd for €4 . 99 .
this channel will be offered as part of virgin media’s basic tv pack , replacing setanta sports ( now eir sport ) , which it had carried since its launch in 2004 .
“what we will not wish to do , now or at any point in the future , is pay for access to rté’s content or have our customers in effect subsidise rté’s fulfilment of their public - service remit , ” virgin media ireland chief executive tony hanway told the mediacon summit in dublin .
upc ireland is to acquire broadcaster tv3 in a deal worth up to €87m , the communications company has announced .
mr swords said itv recognised that this had been “an uncertain period” for the staff of utv and utv ireland .
ireland ' s independent radio stations are to add 10 new digital stations to the industry ' s . . .
in a statement , utv ireland’s owners described it as “an important step forward for the future of the channel” .
“launching utv ireland last year represented a significant achievement by the teams in dublin and belfast in challenging circumstances , ” said christy swords , the director of broadcast finance and operations at itv , which bought utv ireland in october .
as part of the deal , utv ireland was moved from macken house to tv3 ' s headquarters in ballymount .
virgin’s regular broadband and television services are subject to an initial 12 - month contract .
virgin media , a wholly - owned subsidiary of liberty global , today announced that it has entered into an agreement with itv plc to acquire utv ireland , the nation’s newest free - to - air commercial broadcaster , for a purchase price of €10 million . the agreement also includes a comprehensive 10 year output deal for ireland for itv produced programming . the purchase price is expected to be funded through existing liquidity .
and it might be in virgin media’s interest to relegate rté to less favourable spots . since buying tv3 group in 2015 , virgin has owned channels that compete with rté for the same viewers . although the first 10 spots on the electronic programme guide are considered the prime positions , a sliding scale obviously applies . why else would virgin install its newest baby , be3 , in the 106 spot rather than leave it in at 110 , where its predecessor utv ireland resided ?
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the virgin media boss also noted that rté received in the region of €180 million a year from the licence fee , which he described as “a very helpful start to any financial year” .
subscribers may have to wait some time before they regain access to eir sport through the virgin platform , however . the service has not been available to virgin customers since last summer when the two companies fell out over the wholesale price eir sought to charge virgin .
mr hanway has hinted at cuts at the troubled irish station , which ended up costing utv media £13m , four times the original estimate , due in part to poor audience figures . when asked in october about potential cutbacks the virgin boss didn ' t comment , but admitted that it had been struggling . a deal was agreed for utv ireland in july , with virgin proceeding with the process of getting approval from the broadcasting authority of ireland , the competition authority and sign off from communications minister denis naughten .
there was a specific context to these carefully selected words . what virgin media does not wish to do , “now or at any point in the future” , is pay retransmission fees to rté .
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utv ireland is a general entertainment free - to - air channel which is available on virgin media , eir vision , vodafone , sky and saorview . it offers compelling content such as emmerdale and coronation street as well as live streaming and catch - up services and its utv player is available across a variety of devices .
samantha mccaughren ireland ' s independent radio stations are to add 10 new digital stations to the industry ' s radioplayer app .
itv said that it is “committed to maintaining the service” at utv ireland while it waits for the deal to go through .
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ireland’s leading broadband and entertainment innovator , upc today announced strong growth for the fourth quarter and full - year ended december 31 , 2012 . upc also announced today that it has reached the one millionth subscription milestone in ireland , marking a strong end to a year of success and innovation in ireland . it has contributed over €500 million in investment as part of the roll - out of its new fibre powered network across ireland and now offers 150 mbps broadband speeds to 40 % of all irish homes .
see what ' s new in virgin movies , box sets and tv with our entertainment news .
freedom tv is available to new virgin media customers only , subject to a 30 day rolling contract . customers must sign up to direct debit at point of sale and choose self - install €30 activation fee applies
the accounts were published as virgin media ' s parent company , liberty global , announced a new €1bn deal with vodafone that will give the mobile operator access to liberty global ' s fibre network in holland .
“with over 1 , 000 hours of tv from the four uktv channels being added to our on demand service , there will be no shortage of finding something to watch if you’re a virgin media customer . ”
“our home phone service is now available to 607 , 700 homes , ” explained carol grennan , upc ireland’s chief financial officer .
ireland’s ultra fast broadband : offering speeds of 360mb expected average speed during peak times of at least 300mb on a wired connection .
virgin media provides the ccd with a diverse internet connection that consists of a dual connection : the fibres delivering the separate connections never cross each other thus ensuring continued internet service if one of the connections goes down .
the acquisition will be subject to competition and regulatory approval from the competition and consumer protection commission and the broadcasting authority of ireland , as well as a separate media plurality test by the department of communications . this is likely to take some months .
“we are continuing to invest in both our on demand services and our original programming , and preview new shows on uktv play . the first of these for virgin media ireland customers will be brand - new uktv original series , eat your heart out with nick helm , which will exclusively preview on uktv play a week before being shown on dave . ”
virgin media said the agreement with itv , which bought the two utv channels last autumn , will also see it take over a 10 - year deal for itv - produced programmes including soap operas coronation street and emmerdale .
virgin media’s fastest plans go up to 360mbps and the provider’s unlimited broadband service does not apply either a fair usage policy or traffic management , which means you can download as much as you want , whenever you want .
you can cancel your service before april 18th . we suggest that once you have your alternative service installed , that you contact us then so we can stop your billing for virgin media . we can also arrange a refund of any payment you may have made in advance . it would be a good idea to make sure your new service is up and running before you cancel your virgin media service , so your tv viewing is not disrupted .
some third parties may be located in countries outside the eu and switzerland where different privacy rules apply . we will continue to use the european commission - approved standard contractual clauses as a legal mechanism for data transfers from the e . u . these clauses are contractual commitments between companies transferring personal data ( for example virgin media ireland limited to its parent company , liberty global inc . ) , binding them to protect the privacy and security of the data . virgin media adopt standard contractual clauses so that the data flows necessary to provide , maintain and develop our services takes place legally .
virgin media said the agreement with itv , which bought the two utv channels last autumn , will also see it take over a 10 - year supply deal for itv - produced programmes including soap operas coronation street and emmerdale .
the universal account number ( uan ) is an eight digit number which is used by telecom providers to identify phone lines . if you’re a virgin media customer , you can find your uan at the top of your bill .
virgin media is set to drop eir sports from its cable tv platform at the end of this month after failing to agree commercial terms on a new wholesale arrangement for the pack of six channels , which includes bt sport .
ireland’s fastest broadband network based on ookla’s analysis of speedtest intelligence data for q2–q3 2017 . ookla trademarks used under license and reprinted with permission .
utv ireland is to be called be3 , and commence broadcasting at 7 . 00am on monday january 9th on all platforms except of sky .
while some programmes currently shown on utv ireland - such as ' good morning britain ' and ' lorraine ' - will no longer air .
this acquisition will be subject to competition and regulatory approval from the competition and consumer protection commission and the broadcasting authority of ireland as well as a separate media plurality test by the irish government . it is expected the transaction will be cleared in the coming months .
freedom tv also follows the launch last year of virgin’s freedom broadband , another 30 - day notice product .
( in order to purchase a tv product from virgin media , freedom broadband and anytime mobile customers must sign up to one of our combined tv , broadband and telephony bundles , which are subject to a 12 month contract . )
some virgin media customers were frustrated in july by the company’s decision to stop offering the eir sports pack of channels , which includes bt sport , after it failed to agree commercial terms on a wholesale arrangement for the six channels .
if you want to bundle your broadband , phone and tv altogether you’ll have plenty of options with virgin media - again , the channels , broadband speed and phone package you want are really important to think about before signing up .
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thousands of customers took to social media from around 9pm to highlight the issue , which appears to have affected customers nationwide .
“upc ireland finished the year strongly . these results demonstrate that consumers are responding positively to the compelling propositions enabled by our fibre - powered network .
gamers , streamers , box set bingers… everyone can get naked at the same time with ireland’s fastest in - home wifi as certified by ookla .
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virgin media’s contracts range from just 30 days , up to 12 months , depending on the plan you go for . the ‘freedom’ plans , with 30 - day contracts , could be useful for students or people in short - term accommodation .
we’ve got one big happy team working in ireland and sometimes we look to add to our talent pool – check out what career opportunities are available .
ahead of its launch , utv ireland built a newsroom and small studio in dublin’s docklands , which was opened in december 2014 by taoiseach enda kenny .
at the mediacon event in dublin castle last week , chief executive tony hanway segued from stressing the need for public - service broadcasting “in any properly functioning society” to the claim that virgin media does rté a favour by giving it the top spots .
media regulators across europe have yet to catch up to this “top picks” world . when they do , there may be some drama .
broadband prices will rise by €2 . 50 a month , while the cost of television packages will climb by €1 . 50 a month . subscribers with television and broadband bundles will see their bills go up by €4 a month , virgin media said .
virgin media’s hub delivers best - in - class wifi performance in the home , and the technology supports the highest broadband speeds . this is really useful if you’re living in a busy household , with many devices connected to the wifi at all times .
now on virgin media on demand sing ! in a town with no humans , just animals , a koala named buster moon realizes he will soon lose his theater if he cannot turn his luck around . he comes up with a pl . . .
“as well as having exclusive access to uktv original shows , virgin media customers will now be able access their favourite classics , such as only fools and horses and the good life , as well as hit shows including , doctor who and storage hunters .
pat kiely , md of tv3 , said : “today’s announcement represents an exciting new chapter for the irish television industry . virgin media ' s investment in tv3 has already supported the expansion of our studio facilities and increased production of originated content . the proposed acquisition of utv ireland will ensure further investment in the independent irish television sector as we continue to compete head on against significant local and international competition .
cable broadband provider upc ireland reported a 10pc rise in the number of service subscriptions for the past year , with 785 , 000 subscribers across the country .
tv3 will be home to prime time programmes such as ' red rock ' , ' gogglebox ireland ' , ' coronation street ' and ' emmerdale ' .
the agreement includes a comprehensive 10 - year output deal for ireland for itv produced programming , of which soaps coronation street and emmerdale are a key element .
the fall in virgin ' s irish television business comes at a time when aggressive competition in the sector has increased .
now on virgin media on demand - boss baby . a suit - wearing , briefcase - carrying baby pairs up with his 7 - year old brother to stop the dastardly plot of the ceo of puppy co . push your on demand but . . .
starting the new journey , virgin group founder richard branson burst into the launch event in dublin in a massive virgin media juggernaut which will also be seen in a nationwide new advertising campaign starting next week . at the launch , richard met guests and staff and also held a q & a session with entrepreneurs and founders from a range of high - tech irish start - ups .
at the end of 2009 , upc ireland had 504 , 800 tv subscribers , 148 , 100 broadband customers and provided telephone services to 60 , 000 homes .
“i’m thrilled that we’re also simultaneously launching a mobile service with a great offer for existing customers . as virgin media we’re going to provide new choice and simplicity to help people to do more with the best products , prices and services available in the market . ”