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Virgin Media's VIVID 300 plan with top speeds of 300 Mbps, exceeds the best rivals like BT, Sky and TalkTalk.
The Japanese wireless carrier will invest $1 billion, while the remainder will be paid by existing investors.
Fox's run at London-based Sky, the European satellite operator, shows just how far the media industry has changed in the two years since the Murdochs tried to buy Time Warner.