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:

Customs wanting power to force travellers to handover passwords and encryption keys
Created by nedkelly, last reply by Mattmannz on 6-Mar-2015 21:02 (53 replies)
Pages... 2 3 4


Considering Snap - do you rate them?
Created by gsmithnz, last reply by deadlyllama on 5-Mar-2015 22:15 (38 replies)
Pages... 2 3


Whats your USB charging solution?
Created by macuser, last reply by Journeyman on 4-Mar-2015 17:52 (37 replies)
Pages... 2 3


Galaxy s6 announcement and owners thread
Created by Shoes2468, last reply by Damager on 6-Mar-2015 19:38 (107 replies)
Pages... 6 7 8


Privacy concerns on returning faulty microSDXC
Created by dpw, last reply by andrewbnz on 3-Mar-2015 22:41 (34 replies)
Pages... 2 3


Recommendations for store bought gaming hard drive for $1500
Created by DebP, last reply by Lias on 6-Mar-2015 15:32 (31 replies)
Pages... 2 3


Why does Lightbox have a suicide wish?
Created by dafman, last reply by MikeAqua on 6-Mar-2015 11:44 (110 replies)
Pages... 6 7 8


In New Zealand: external tuner which can get EPG?
Created by kingdragonfly, last reply by mm1352000 on 6-Mar-2015 20:51 (28 replies)
Pages... 2