Feeds

NTL tipped to up bid for Virgin Mobile

OFT clears NTL/Telewest tie-up

Intelligent flash storage arrays

NTL is expected to up its offer for Virgin Mobile, according to reports, although there are doubts as to whether the revised bid by the UK cableco will be enough to secure a deal.

The Sunday Times reported that NTL is expected to increase its £817m offer for Virgin Mobile - which is 72 per cent owned by Sir Richard Branson - by around 10 per cent although any approach is unlikely to be made before next week.

Later reports suggested, though, that this might not be enough to satisfy demands by minority investors even though Branson is keen for the merger to go ahead, securing him a 14 - 15 per cent slice of the combined business.

Four weeks ago NTL and Virgin Mobile confirmed they were holding talks that could lead to the creation of a mega media business offering punters a four-play service of TV, fixed-line phone, broadband and mobile under the Virgin brand.

But the £817m offer was "unanimously rejected" by the board of Virgin Mobile which claimed that it undervalued the business.

Elsewhere, the Office of Fair Trading (OFT) has cleared the merger of NTL and Telewest deciding that the deal does not need to be referred to the Competition Commission. In October, NTL confirmed that it planned to snap up Telewest valuing the cableco at around $6bn.

Giving the merger the green light the OFT said: "Telewest and NTL are now the only two cable operators but, as their local networks do not overlap, they do not compete in providing services over cable and the potential for them to do so is minimal. Where they do overlap (in wholesale telecommunications services and narrowband internet) outside their local cable networks they will still face a number of other significant competitors."

The OFT also gave Sky's acquisition of broadband ISP EasyNet the thumbs-up saying that the deal would enable Sky to offer triple-play services (TV, phone and internet) and that "consumers may be expected to benefit from this".

In October, Sky announced it had agreed to shell out £211m to acquire broadband ISP Easynet in a deal that catapults the satellite broadcaster into the UK's telecoms sector. ®

Intelligent flash storage arrays

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.