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Sir Richard remains confident of ntl Virgin deal

# Dec 8, 11:53 PM by Cable Forum

The bid continues between ntl and Virgin Mobile to strike a deal and at the right price and according to the Independent, Sir Richard Branson has suggested a deal could still be struck if a further £100 Million is tabled. The Virgin Mobile board had earlier rejected ntl’s offer. Claiming ntl’s offer “materially undervalued” the telecoms group.

Sir Richard, talking to Radio Five Live listeners had stated, “I don’t think that NTL are going to fall out for what is a relatively small amount of money.” He also added, “I have a feeling that somehow an agreement will be reached.”

More over @ The Independent.

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