LONDON, Jan. 16 (UPI) -- Shares of Virgin Mobile, the British mobile phone operator mostly held by Richard Branson, rose 0.7 percent Monday after an improved takeover offer.
Late Friday London-based cable operator NTL Inc. increased by 8 percentage points the amount it was willing to pay for Virgin Mobile, MarketWatch reported.
Branson, who holds 72 percent of NTL, reportedly is offering minority shareholders a premium to encourage acceptance of NTL's proposal.
|Additional Business News Stories|
ANKARA, Turkey, June 20 (UPI) --An oil pipeline planned from the Kurdish region of northern Iraq to Turkey may go to, but not cross, national borders, a Turkish official said.
SEOUL, June 20 (UPI) --South Korea will buy Taurus KEPD 350 cruise missiles for its Lockheed/Boeing F-15K Strike Eagle fighters, the first strategic weapon purchase not from an American supplier, Yonhap news agency reported.