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NTL reaches an agreement to acquire Virgin Mobile
The new group will take the Virgin name and will be the first company of the United Kingdom in offering television by cable, access to Internet, telephony determines and services of cellular

Company/signature NTL the cable reached an agreement with Virgin Mobile on the conditions of the supply of purchase, that values to this last in 962 million pounds (about 1,394 million Euros) and with which hopes to create the first British company of television by cable and movable telephony.

Virgin Mobile, of which the Virgin group de Richard Branson is proprietor in a 71%, had rejected the original supply of 871 million pounds (about 1,262 million Euros).

The shareholders of Virgin Mobile will receive a supply of 372 pennies by action or titles of NTL or one mix of the two things, according to the details of the supply.

The new group will take the Virgin name and will be the first company of the United Kingdom in offering television by cable, access to Internet, telephony determines and services of cellular.

NTL, that recently megred with Telewest, obtained the support of Richard Branson and his Virgin group.


(Agencies, 04/04/06)








 
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