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Virgin Mobile shares up on new NTL offer

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 willin

Published: Jan. 16, 2006 at 2:26 PM

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.

Topics: Richard Branson

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