NTL and Virgin Group are still in discussions
NTL has raised its takeover offer for Virgin Mobile to £961m ($1.7bn) in an effort to break the impasse over the proposed deal.
The two companies are in talks about the improved offer after Virgin Mobile rejected NTL's original £871m bid.
Sir Richard Branson, Virgin Mobile's main shareholder, has indicated that he would be prepared to receive both cash and NTL shares in a deal.
This could see him receiving less than minority shareholders.
full story: news.bbc.co.uk/1/hi/business/4618744.stm
NTL has raised its takeover offer for Virgin Mobile to £961m ($1.7bn) in an effort to break the impasse over the proposed deal.
The two companies are in talks about the improved offer after Virgin Mobile rejected NTL's original £871m bid.
Sir Richard Branson, Virgin Mobile's main shareholder, has indicated that he would be prepared to receive both cash and NTL shares in a deal.
This could see him receiving less than minority shareholders.
full story: news.bbc.co.uk/1/hi/business/4618744.stm
