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

Dec 05, 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: An innovative system anticipates driver fatigue in the vehicle to prevent accidents

add to favorites email to friend print save as pdf

Related Stories

'French Steve Jobs' shakes up mobile phone market

Jan 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.

Marketer helps advertisers express themselves via video

Nov 07, 2011

British television producer Mark Burnett turned program financing on its head a decade ago when he brought brands like Doritos and Mountain Dew as sponsors into the expensive, prime-time reality series "Survivor," helping ...

Recommended for you

Apple's fiscal 3Q earnings top analyst forecasts

3 hours ago

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

Putin signs law seen as crimping social media

4 hours ago

President Vladimir Putin on Tuesday signed a law requiring Internet companies to store all personal data of Russian users at data centres in Russia, a move which could chill criticism on foreign social networking ...

User comments : 0