Feeds

NTL / Virgin Mobile deal inches forward

Negotiations 'drawn-out'

Reducing security risks from open source software

Further details have emerged of NTL's revised bid for Virgin Mobile.

The improved offer, which is expected to come in close to the £900m mark, and sees Sir Richard Branson taking £42m less for his 71 per cent share of the cellco, is being touted by some onlookers as enough to satisfy the demands of the cellco's minority shareholders, who've been holding out for more cash ever since they rejected a £817m bid before Christmas.

Should the offer get the thumbs up, it will mean shareholders get more cash, Branson gets his slice of a communications company capable of taking on pay-TV outfit Sky, and cableco NTL gets a corporate makeover in Virgin colours.

Indeed, should the deal go ahead, NTL looks set to cough up about £10m a year for the right to use the Virgin brand, which will replace NTL, Telewest (NTL is buying Telewest) and Virgin Mobile.

Said analysts at Ovum: "The latest move in this drawn-out negotiating game signals just how keen Sir Richard Branson is for this deal to happen."

"As we've commented before, this bid is all about brand," Ovum commented, adding that "the Virgin brand is more likely than NTL to succeed in the 'entertainment' market." ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.