Virgin Mobile Reject Ntl Offer

December 8th, 2005 • Related • Filed Under

As expected Virgin Mobile have rejected ntl’s offer as too low, despite majority shareholder Richard Branson backing the deal. Richard Branson said that he was 90% certain that the deal will get done.

I really hope so. As an employee of one of the cable companies I can’t tell you how excited this potential deal has made me, particularly as it would hopefully give me an official reason to dabble in mobile content and services again and also the opportunity to work for a fun company again.

I guess I’ll just have to wait and see if ntl stump up the extra cash - suggestions are that the shortfall is only, yes only, £25m.

I’m keeping my fingers crossed.

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About the Author

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Everton is based in London and has worked in the internet and mobile space for over ten years now, and before that worked in corporate strategy and consulting. He has a degree in Economics from Cambridge University, and currently runs the Portal and online operations for one of the largest ISPs in the UK. He also writes for Windows 7 News.

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