Monday, July 3, 2006

ntl Readies for Quadruple Play with Acquisition of Virgin Mobile

The ntl: Telewest group completed its acquisition of Virgin Mobile and Virgin Mobile's shares have been de-listed from the London Stock Exchange. The deal positions ntl: Telewest for delivering "quadruple play" services -- TV, Internet and fixed and mobile telephony services for the UK.Under a previous agreement, ntl: Telewest has also entered into a licensing arrangement with Virgin Enterprises permitting use of the Virgin brand for ntl: Telewest's full portfolio of consumer services.Commenting on the transaction, ntl:Telewest's CEO Steve Burch...