US cable operator makes three offers for Virgin Mobile

Iria · Jan 17, 2006, 02:21 AM

LONDON (AFP) - The US cable operator NTL said it had made three new offers for the British telecommunications group Virgin Mobile, one of which was in cash and valued the company at around 940 million pounds (1.37 billion euros, 1.66 billion dollars).

A second offer in NTL shares was equivalent to 890 million pounds, while the third was a combination of cash and shares and put Virgin Mobile's value at 883 million pounds.

The group's majority shareholder Richard Branson has accepted the third option, paving the way for the takeover of the British cellphone group.
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Read More / Source: Yahoo! News

Jan 17, 2006, 02:21 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	US cable operator makes three offers for Virgin Mobile LONDON (AFP) - The US cable operator NTL said it had made three new offers for the British telecommunications group Virgin Mobile, one of which was in cash and valued the company at around 940 million pounds (1.37 billion euros, 1.66 billion dollars). A second offer in NTL shares was equivalent to 890 million pounds, while the third was a combination of cash and shares and put Virgin Mobile's value at 883 million pounds. The group's majority shareholder Richard Branson has accepted the third option, paving the way for the takeover of the British cellphone group. ___________ Read More / Source: Yahoo! News