Sunday, February 19, 2006

UK: NTL Offer For Virgin Mobile Wins Chief

An FT.com article by Emiko Terazono and Mark O'Dell, via Yahoo! News, reports that:

Tom Alexander, the chief executive of Virgin Mobile, is understood to have agreed to stay on as head of the mobile telephone group following a takeover by NTL, the cable operator, that could be announced this week.

The Virgin Mobile board is preparing to recommend a takeover offer from NTL worth about £900m.

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