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.

The combined company will operate under the Virgin brand and will combine Virgin's 4.3 million mobile-phone customers with NTL's 5.1 million cable subscribers. It will be the first in Britain to offer cable television and Internet access along with fixed-line and mobile-phone service.

NTL said in a release that it expected the new company to "appeal to existing and new consumers by offering a wide range of high quality communications services from a single provider, with the unique flavor and customer focus of the Virgin brand."

The deal also positions NTL to compete against established British telcos and wireless providers. The company said the Virgin name carries a great deal of cache in Britain, and it intends to preserve it in part by maintaining a large segment of Virgin Mobile's current management.

Copyright 2006 by United Press International

Explore further: Britain feels heat of NTL's Virgin buyout

Related Stories

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.

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.

Recommended for you

'Material universe' yields surprising new particle

November 25, 2015

An international team of researchers has predicted the existence of a new type of particle called the type-II Weyl fermion in metallic materials. When subjected to a magnetic field, the materials containing the particle act ...

CERN collides heavy nuclei at new record high energy

November 25, 2015

The world's most powerful accelerator, the 27 km long Large Hadron Collider (LHC) operating at CERN in Geneva established collisions between lead nuclei, this morning, at the highest energies ever. The LHC has been colliding ...

Study suggests fish can experience 'emotional fever'

November 25, 2015

(Phys.org)—A small team of researchers from the U.K. and Spain has found via lab study that at least one type of fish is capable of experiencing 'emotional fever,' which suggests it may qualify as a sentient being. In their ...


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.