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January 04, 2006

NTL Likely To Raise Offer for Virgin Mobile This Week

According to reports in the UK press, NTL is going to announce an increase of about 10% in its offer for Virgin Mobile this week. The price will still be about 10% below what the Virgin minoirty shareholders are demanding but it should be enough to get the parties to the negotiating table. I still believe this deal will get done and is a positive for soon-to-be-merged NTL and Telewest.

Posted by Steve Birenberg at January 4, 2006 11:23 AM in NTLI