VirginRSS

NTL may be target of 10bn GBP bid

NTL, the cable giant which recently underwent a mega-merger with Telewest and Virgin Mobile, could now be a target itself. It is understood an investment consortium comprising Providence Equity Partners, Blackstone, Kohlberg Kravis Roberts and Cinven has tabled an offer of £10bn for the firm. The equity partners are believed to have made an approach [...]

Virgin gets on “free broadband” bandwagon

Virgin Mobile has partnered with sister company and broadband provider Virgin.net as the latest partnership to get in on the “free broadband” market. The pair, both of which are owned by cableco NTL, are offering a year’s free broadband at up to 8Mbps speeds to customers that sign up Virgin Mobile’s SIM-only pay monthly tariffs [...]

NTL hit by merger costs

UK cable behemoth NTL on Tuesday announced its first set of full quarterly financial results since its merger with Telewest and more recent closing of the acquisition of Virgin Mobile. As a result, revenues for the three months to the end of June almost doubled from £482m a year ago to £884m. However, integration costs [...]

ntl:Telewest launches quad play service in UK

British consumers get their first ‘quad play’ offering Tuesday as newly merged ntl:Telewest today announced a new range of services combining TV, broadband, fixed line and mobile telephony. As a sweetener, the firm said it will offer free TV to any new fixed line phone customer. Since its acquisition of Virgin, talk has been of [...]

NTL woos corporates without Virgin

Cable giant NTL is to expand it business communications division – but without using the Virgin brand, which it bought earlier this year. Starting in the first half of 2007, the freshly merged company will use the Virgin name to promote its mobile, cable TV, broadband and landline services under a licensing agreement reached at [...]