Briefs: NTL revives Virgin Mobile sale talks

Jan 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: Brain signals turn into drone commands in Lisbon presentation

add to favorites email to friend print save as pdf

Related Stories

NTL acquires Virgin Mobile for $1.67B

Apr 04, 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?

Jan 03, 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.

Broadband seen feeling O2 heat soon

May 15, 2006

When it comes to phone services, European markets are often ahead of the curve, particularly when it comes to making the most out of mobile phones. Paying for parking or getting a drink from a vending machine via a mobile ...

Recommended for you

US spymaster warns over low-level cyber attacks

4 hours ago

A steady stream of low-level cyber attacks poses the most likely danger to the United States rather than a potential digital "armageddon," US intelligence director James Clapper said on Thursday.

Australian laws on storing phone, Internet records to change

4 hours ago

(AP)—A parliamentary committee on Friday recommended a major rewrite of draft laws that would force Australian telcos and Internet providers to store customers' personal data for the convenience of law enforcement agencies. ...

Stock market shrugs off net neutrality vote

4 hours ago

(AP)—The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast lanes for the ...

Key facts on US 'open Internet' regulation

14 hours ago

A landmark ruling by the US Federal Communications Commission seeks to enshrine the notion of an "open Internet," or "net neutrality." Here are key points:

User comments : 0

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.