Feeds

Vodafone wanted to buy Virgin Mobile before float

Oh no it didn't, oh yes it did etc

  • alert
  • submit to reddit

Security for virtualized datacentres

Vodafone may - or may not - have tried to buy Virgin Mobile at the beginning of the year. According to The Sunday Telegraph, Vodafone made an indicative bid of around £850m for the mobile business, just months before Richard Branson floated the outfit in July .

An unnamed source quoted by the newspaper said that the acquisition would have increased the number of customers Vodafone has in the UK by around 4m, making it "head and shoulders bigger than the opposition".

However, Reuters is quoting an industry source who claims that this is all a load of tosh and that Vodafone did not make such an approach. It may have discussed the matter, admits the anonymous insider, but nothing more than that. And any suggestion that Vodafone was prepared to shell out £850m was also "greatly inflated", reports Reuters. Virgin Mobile is a virtual mobile network operator which uses T-Mobile's network and is majority-owned by the Virgin Group. It floated in July, valuing the company at around £500m.

Separately, Virgin Mobile today announced plans to open Virgin Mobile Specialist Stores in eight WH Smith outlets to boost its presence in the high street. If the trial proves successful, Virgin could be rolled out into 500 WH Smith shops across the UK.

By mid morning shares in Virgin Mobile were up 8p (4 per cent) at 202p. ®

Related stories

Virgin Mobile floats!
Virgin Mobile slashes share prices
Vodafone sticks with Beckham

Secure remote control for conventional and virtual desktops

More from The Register

next story
Net neutrality protestors slam the brakes on their OWN websites
Sites link up to protest slow lanes by bogging down pages
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Drag queens: Oh, don't be so bitchy, Facebook! Let us use our stage names
Handbags at dawn over free content ad network's ID policy
Who us, SHARE infrastructure? Networks reject gov proposal
Execs pour scorn on 'national roaming' outline – report
Net neutrality fans' joy as '2.3 million email' flood hits US Congress
FCC invites opinions in CSV format, after Slowdown day 'success'
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.