Virgin Mobile, NTL talk merger: source

Iria · Dec 4, 2005, 12:27 AM

LONDON (Reuters) - Britain's Virgin Mobile Holdings Plc is in merger talks with UK cable operator NTL, a source familiar with the matter said on Saturday.

"This is just the start of a process that could bring about a group capable of offering a wide variety of communications services," the source said, adding that the merged firm would include the Virgin name once a deal was sealed.

Virgin Mobile is majority-owned by British entrepreneur Richard Branson.

The source said that a tie-up between NTL and Virgin Mobile would see the new group provide mobile and fixed line telephony services as well as cable television and Internet access.
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Read More / Source: Reuters

Matth · Dec 4, 2005, 10:17 AM

Crazy! Virgin Mobile needs the corporate dead hand of NTL like it needs a hole in the head, unless Mr. B is simply looking to cash out and get lost.

Dec 4, 2005, 12:27 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 74	Virgin Mobile, NTL talk merger: source LONDON (Reuters) - Britain's Virgin Mobile Holdings Plc is in merger talks with UK cable operator NTL, a source familiar with the matter said on Saturday. "This is just the start of a process that could bring about a group capable of offering a wide variety of communications services," the source said, adding that the merged firm would include the Virgin name once a deal was sealed. Virgin Mobile is majority-owned by British entrepreneur Richard Branson. The source said that a tie-up between NTL and Virgin Mobile would see the new group provide mobile and fixed line telephony services as well as cable television and Internet access. ____________ Read More / Source: Reuters

Dec 4, 2005, 10:17 AM	#2
Matth Flash Banner Hater Join Date: Jun 2002 Location: UK Posts: 3,203 Rep Power: 58 System Specs	Crazy! Virgin Mobile needs the corporate dead hand of NTL like it needs a hole in the head, unless Mr. B is simply looking to cash out and get lost.