YouView to increase staff by 50%
May 12, 2014
YouView has revealed plans to increase its workforce by more than 50 per cent. YouView is expanding from about 110 staff to as many as 170 following securing a five-year deal with its seven shareholders, which include BT, TalkTalk and Arqiva, to inject more than £100 million (€118m) in funds.
A flexible arrangement will see additional investment come from shareholders in line with their strategic goals, with BT and TalkTalk thought likely to be the main drivers injecting tens of millions of pounds each year. Under the terms of the new deal the seven shareholders have invested a minimum amount each, thought to be about £1 million a year, as a minimum to retain equal ownership stakes of 14.3 per cent.