Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
NTL Makes Offer on Virgin Mobile (UK)
Posted on 4-Apr-2006 21:21. | Tags Filed under: News.



NTL Incorporated and the Independent Board of Virgin Mobile Holdings (UK) plc have reached agreement on the terms of a cash offer, with a share alternative offer and a cash and share alternative offer, to be made by ntl and one of its wholly owned subsidiaries to acquire the entire share capital of Virgin Mobile.

The options offered to Virgin Mobile shareholders are 372 pence in cash for each Virgin Mobile share; or 0.23245 shares of ntl common stock for each Virgin Mobile share; or 0.18596 shares of ntl common stock plus 67 pence in cash, for each Virgin Mobile share.

The Cash Offer values Virgin Mobile at approximately GBP 962.4 million (US$ 1.68 billion).

Virgin Mobile is the UK's largest mobile virtual network operator with 4.3 million customers. Virgin Mobile uses the T-Mobile network for the transmission of its traffic. For the last twelve months ended 30 September 2005, Virgin Mobile had total revenues of GBP 539 million. Virgin Mobile does not operate outside of the United Kingdom, and does not own Virgin Mobile in the United States or in other countries.

ntl is also entering into a long-term exclusive license agreement with Virgin Enterprises Limited under which its existing license to use certain Virgin trade marks within the United Kingdom and Ireland in respect of its internet business will be extended to television, fixed line telephony and, upon completion of the acquisition of Virgin Mobile, mobile telephony, as well as the acquisition and branding of sports, movies and other premium television content and the branding and sale of certain communications equipment, such as set top boxes and cable modems.




comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

What's your take on this whole no conviction rugby thing.
Created by Mspec, last reply by dejadeadnz on 30-Sep-2016 22:51 (116 replies)
Pages... 6 7 8


FPP elections considered harmful
Created by SaltyNZ, last reply by Geektastic on 30-Sep-2016 23:03 (24 replies)
Pages... 2


Getting Your Daily Fix - Sites you have to check everyday
Created by firefuze, last reply by Brumfondl on 29-Sep-2016 19:45 (23 replies)
Pages... 2


Buying without building consent/CCC?
Created by Zeon, last reply by neb on 27-Sep-2016 16:33 (38 replies)
Pages... 2 3


Safe, practical SUV for family under 12k
Created by wikibedi, last reply by MikeAqua on 30-Sep-2016 11:47 (53 replies)
Pages... 2 3 4


Galaxy Note 7 Announcement and Owners' Thread
Created by eracode, last reply by eracode on 30-Sep-2016 10:01 (976 replies)
Pages... 64 65 66


Electrical work radio ad - Misleading?
Created by tchart, last reply by MikeB4 on 30-Sep-2016 14:52 (15 replies)

Housing prices....
Created by Linuxluver, last reply by Linuxluver on 30-Sep-2016 20:21 (113 replies)
Pages... 6 7 8