Complex sentence: In November 2014, the eight-year franchise was awarded to the Stagecoach/Virgin joint venture company Inter City Railways Limited, and will commence operating on 1 March 2015 as Virgin Trains East Coast.
Split into simpler sentences: In November 2014, the franchise was awarded to the Stagecoach/Virgin joint venture company Inter City Railways Limited had won the new eight-year franchise. It will commence operating on 1 March 2015 as Virgin Trains East Coast.