Feeds

NTL tipped to up bid for Virgin Mobile

OFT clears NTL/Telewest tie-up

Top 5 reasons to deploy VMware with Tegile

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

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.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.