Feeds

T-Mobile and Virgin settle long-running dispute

Friends again

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

T-Mobile and Virgin Group have resolved their long-running legal fight over the future of their 50:50 joint venture Virgin Mobile.

Dogged by legal action, relations between the two companies were so bad that they were described as being "irretrievably broken down".

Now, though, the two companies have kissed and made up with both sides insisting that "disagreements of the past are well and truly behind us".

As part of the settlement, both sides have agreed to end the payment of a monthly "Marketing Support Contribution" paid by T-Mobile to Virgin Mobile. This had proved a sticking point since Virgin received the payment even if the account was inactive. Instead, Virgin Mobile will receive a share of call revenues.

Separately, it was confirmed that Virgin Group is to acquire T-Mobile's stake in the Virgin Mobile joint venture, in a move that could pave the way for a possible floatation of the mobilephoneco.

"The three organisations have settled all outstanding litigation, and established new agreements, paving the way for a new era in relations between T-Mobile and Virgin Mobile," the companies said in a statement.

Brian McBride, MD of T-Mobile UK, said: "It's also been a pleasure dealing with the Virgin team.

"Any disagreements of the past are well and truly behind us, and we all look forward to a long and mutually rewarding relationship."

This week Virgin Mobile reported that it had signed up more than half a million new customers at the end of last year, making it the most successful three months ever for the mobile telco.

Cheap texts and a bundle of other offers helped increase Virgin Mobile's customer base to more than 3.6 million punters. ®

Related Story

Virgin and T-Mobile to co-habit after divorce

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?