Finance
UK's Ofcom fines Virgin Media $31 million
Published by Global Banking and Finance Review
Posted on December 1, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 1, 2025
1 min readLast updated: January 20, 2026
Ofcom fined Virgin Media $31 million for disconnecting telecare customers during a digital landline migration. The penalty aims to address the service disruption.
Dec 1 (Reuters) - British regulator Ofcom fined Virgin Media a penalty of 23.8 million pounds ($31.44 million) on Monday, after the company disconnected telecare customers during its programme to migrate them to digital landlines.
($1 = 0.7569 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
A regulatory framework refers to the set of rules, guidelines, and practices that govern the operations of organizations within a specific industry, ensuring compliance with laws and regulations.
A fine is a monetary penalty imposed by a regulatory authority on an individual or organization for violating laws or regulations. It serves as a deterrent against non-compliance.
Telecommunications is the transmission of information over distances for communication. It includes various technologies like telephones, internet, and broadcasting.
Customers in finance refer to individuals or businesses that utilize financial services, such as banking, investment, or insurance, to manage their money and assets.
Compliance in finance refers to the adherence to laws, regulations, and guidelines set by governing bodies to ensure ethical and legal conduct in financial practices.
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