Briefs: NTL's $1.4B bid for Virgin Mobile

December 5, 2005

NTL said Monday it would pay up to $1.4 billion to acquire British wireless carrier Virgin Mobile.

If the British cable television group's bid goes through, Virgin Chief Executive Richard Branson will be the company's single-biggest shareholder with 14 percent of total shares, having a 72-percent stake in Virgin Mobile.

The plan is to offer Internet access and television viewing as well as fixed and mobile-phone lines under a single package, which will be the first of its kind in Britain.

Copyright 2005 by United Press International

Explore further: A look back at the consolidation wave sweeping TV providers

Related Stories

'French Steve Jobs' shakes up mobile phone market

January 16, 2012

Hailed as the French Steve Jobs, entrepreneur Xavier Niel is shaking up the country's mobile phone market with a maverick style far removed from France's traditionally conservative business practices.

Recommended for you

New nanomaterial maintains conductivity in 3-D

September 4, 2015

An international team of scientists has developed what may be the first one-step process for making seamless carbon-based nanomaterials that possess superior thermal, electrical and mechanical properties in three dimensions.

Secrets of a heat-loving microbe unlocked

September 4, 2015

Scientists studying how a heat-loving microbe transfers its DNA from one generation to the next say it could further our understanding of an extraordinary superbug.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.