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Briefs: NTL's $1.4B bid for Virgin Mobile
NTL said Monday it would pay up to $1.4 billion to acquire British wireless carrier Virgin Mobile.
If the British cable television group's bid goes through, Virgin Chief Executive Richard Branson will be the company's single-biggest shareholder with 14 percent of total shares, having a 72-percent stake in Virgin Mobile.
The plan is to offer Internet access and television viewing as well as fixed and mobile-phone lines under a single package, which will be the first of its kind in Britain.
Copyright 2005 by United Press International
The plan is to offer Internet access and television viewing as well as fixed and mobile-phone lines under a single package, which will be the first of its kind in Britain.
Copyright 2005 by United Press International
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