Briefs: NTL revives Virgin Mobile sale talks

January 16, 2006

Virgin Mobile said Monday it was in preliminary talks on a potential sale to NTL but cautioned that a deal was not guaranteed.

The discussions come after NTL raised its bid for Virgin Mobile to 961 million pounds ($1.7 billion) from its December offer of 817 million pounds.

A Virgin statement reported by The Guardian said, "Following a revised approach from NTL, Virgin Mobile is in preliminary discussions with NTL which may or may not lead to a formal offer being made for the entire issued share capital of Virgin Mobile."

The Guardian said the new offer was seen as fair by industry analysts and was being supported by Virgin's majority owner, Sir Richard Branson.

Copyright 2006 by United Press International

Explore further: NTL acquires Virgin Mobile for $1.67B

Related Stories

NTL acquires Virgin Mobile for $1.67B

April 4, 2006

Cable giant NTL Tuesday struck a deal to acquire Virgin Mobile, setting the stage for the delivery of its content to wireless phones in the United Kingdom.

Will NTL up ante for Virgin Mobile?

January 3, 2006

Telecom analysts were waiting Tuesday to see if NTL would indeed up its bid for Virgin Mobile as predicted in a weekend newspaper report.

Britain feels heat of NTL's Virgin buyout

April 4, 2006

Getting more services for less money. That could well be what many British customers will be getting if NTL's buyout of Virgin Mobile works out as planned as they propose to offer mobile, fixed-line, broadband, and television ...

NTL's pending job cuts strike fear

May 8, 2006

NTL has been on a buying spree in recent months, but the time seemingly has come for the company to get its house in order and start getting leaner and meaner.

Recommended for you

Getting into the flow on the International Space Station

December 1, 2015

Think about underground water and gas as they filter through porous materials like soil and rock beds. On Earth, gravity forces water and gas to separate as they flow through the ground, cleaning the water and storing it ...

Roboticists learn to teach robots from babies

December 1, 2015

Babies learn about the world by exploring how their bodies move in space, grabbing toys, pushing things off tables and by watching and imitating what adults are doing.


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.