Tech
NTL has increased its offer for Virgin Mobile from 323p per share to 372p per share.
Just days ago, the potential tie-up between Britain's biggest cable operator and the telco was in crisis; Reuters reported on Monday that talks between the two companies had "stalled."
Today, the news service reported that the bid has been "conditionally approved" by Virgin Mobile's board. It is thought that as a further compromise, Sir Richard Branson - who owns 72% of Virgin Mobile - has agreed to receive less than Virgin Mobile's board and other minority shareholders.
Just days ago, the potential tie-up between Britain's biggest cable operator and the telco was in crisis; Reuters reported on Monday that talks between the two companies had "stalled."
Today, the news service reported that the bid has been "conditionally approved" by Virgin Mobile's board. It is thought that as a further compromise, Sir Richard Branson - who owns 72% of Virgin Mobile - has agreed to receive less than Virgin Mobile's board and other minority shareholders.
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+.
