Tech
Merger talks between NTL and Virgin Mobile have "stalled" due to a disagreement over price, according to Reuters.
The wire service cited "people familiar with the matter" in its report. A Telegraph report on Sunday indicated that institutional shareholders in Virgin Mobile had been advised to hold out for a 400p per share purchase price, well over NTL's original 323p per share offer.
It is, however, understood that talks regarding a deal that would enable the merged NTL-Telewest company to use a "Virgin TV" moniker are still ongoing.
The wire service cited "people familiar with the matter" in its report. A Telegraph report on Sunday indicated that institutional shareholders in Virgin Mobile had been advised to hold out for a 400p per share purchase price, well over NTL's original 323p per share offer.
It is, however, understood that talks regarding a deal that would enable the merged NTL-Telewest company to use a "Virgin TV" moniker are still ongoing.
More: Tech, Cable TV and Broadband
More Tech News
Apple News
Apple, Samsung peace talks failChief executives of both firms fail to reach agreement, mean legal trial likely.
Satellite TV News
Sky marks Jubilee with Union Jack remoteSky and One For All create universal remote celebrating the landmark UK summer.
Cable News
Pirate Bay blockade begins with VirginBT, Sky, others to follow suit, but rights groups warn it won't tackle piracy.
Freeview News
Freeview+ made easier for blind peopleRNIB develops software to make it easier for blind people to use Freeview+.
