Board looks set to give takeover thumbs-up
By Jo Best
Published: 20 February 2006 13:35 GMT
NTL's attempted takeover of Virgin Mobile could be going ahead as early as this week.
According to reports, Virgin Mobile's board is now ready to accept a revised £900m offer for the MVNO (mobile virtual network operator). The board rejected an earlier offer for the operator at 323p per share.
Under the new deal, Virgin head Sir Richard Branson will receive 349p per share for his majority stake in the company, with the minority shareholders receiving 372p per share.
It's thought the final deal will be announced within the course of this week or early next week, with the lawyers acting for the pair now putting the finishing touches to the agreement, newspapers reported.
The Financial Times also reported that Virgin Mobile's CEO Tom Alexander has been persuaded to stay on once the takeover has been agreed. Virgin Mobile's current management will remain in place and the operator will act as a separate unit within NTL, the paper said.
NTL could do with buying out Virgin Holidays as we...
V.bitter Virgin Holidays Customer
They have an urgent need for an experienced Gas Operator / Controller to be based in their London office. Our client has an urgent need for an ...
Due to expansion our client is currently seeking an enthusiastic and effective Service Desk / Help Desk Operator to join their existing, busy, ...
My client in the Czech Republic have a vacancy for a Computer Operator with French. Job descriptionThis role is responsible for monitoring, ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Managing a growing threat: An Executive's Guide to Web Application Security
5 Sources of Value Through a Telecom Expense Management Initiative
Business Continuity and Disaster Recovery with CA Recovery Management and VMware...
Adopting Server Virtualization for Business Continuity and Disaster Recovery
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Peter Cochrane Peter Cochrane's Blog: How the telcos could save themselves Doomed network operators could thrive with a bit of innovation
Peter Cochrane Peter Cochrane's Blog: Facebook saves teen from prison Another unexpected impact of social networking