Feeds

NTL and Virgin Mobile confirm bid talks

Quadruple play - beat that, Sky!

Boost IT visibility and business value

NTL and Virgin Mobile have confirmed they are in buy-out talks that could lead to a giant multimedia business better placed to slug it out with satellite broadcaster BSkyB and dominant telco BT.

The deal values Virgin Mobile - which is 72 per cent owned by Richard Branson's Virgin Group - at around £800m and would give the enlarged business a four-pronged approach to punters - TV, fixed-line phone, broadband and mobile.

A deal with Virgin Mobile also solves the problem of what to call the cable giant once NTL completes its merger with fellow UK cableco Telewest. Forget NTLWest or TeleNTL, with Virgin on board the new media group is gifted with the well-known Virgin brand.

Or as NTL - already has an agreement with Virgin over the use of its brand for part of its broadband service - said in a statement today: "If the proposed combination with Virgin Mobile and the licence agreement are completed, NTL intends to use the Virgin brand to offer a quadruple play of internet, television and fixed line and mobile telephony."

The go-ahead has already won the support of T-Mobile, Virgin Mobile's network provider, while Branson has already indicated he is keen for the deal to proceed. However, there is speculation that Virgin Mobile might still hold out for an improved offer either from NTL or even a rival bidder.

In a statement today Virgin said that it has received an approach from NTL that "may or may not lead to a formal offer being made for the company". ®

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
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.
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.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?