Goldman Says Some of Virgin Media’s Beaten-Down Bonds Are a Buy

Goldman Sachs Group Inc.’s traders are urging credit investors to take another look at some of the beaten-down bonds from Virgin Media O2 and VodafoneZiggo, just months after weaker earnings...

By Giulia Morpurgo and Edward Clark · Bloomberg Markets

Goldman Sachs Group Inc.’s traders are urging credit investors to take another look at some of the beaten-down bonds from Virgin Media O2 and VodafoneZiggo, just months after weaker earnings and mounting competition sent the telecom companies’ debt sliding.