NTL takes control of Virgin Net
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Cable operator NTL is buying out Virgin Net, the UK's fifth largest internet service provider, for an undisclosed sum.
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Richard Branson's Virgin Mobile, floated on the stock exchange in July last year, announced it reached five million British customers during the three months to December.
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Virgin Group Ltd., owned by billionaire entrepreneur Sir Richard Branson, said it formed a company called Virgin Galactic to offer commercial space flights starting in 2007.
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UK media company NTL has entered into an agreement to sell its broadcast business to a consortium led by Australian firm Macquarie Communications Infrastructure Group (MCG) and other third party investors for a purchase price of â¬1.84bn.
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Virgin becomes one of the first major music retailers to enter an increasingly crowded online music market.
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Cable network on the block again Virgin Media, bowed by its protracted legal tussle with Sky, has again become the target of a takeover approach by private equity carpetbaggers.â¦
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NTL&#39;s broadcast business customers include UK mobile wireless operators, all major commercial television and radio broadcasters, and public safety organizations including the police, fire and ambulance services.
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Following its successful patent suit against Research in Motion, NTP has now set its sites on the major telcos.
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ITV, BritainÂs biggest commercial broadcaster, rebuffed a Â£4.73 billion ($8.98 billion) offer from the cable television operator NTL, saying the bid was too low and there was no advantage in a merger. The rejection is the second blow to NTL and its biggest shareholder, Richard Branson. British Sky Broadcasting Group, led by Rupert and James Murdoch, bought a 17.9 percent stake in the London-based ITV on Friday, eight days after NTL expressed interest in a takeover. Mr. Branson called on regulators to block British Sky BroadcastingÂs purchase of ITV shares, while BSkyB said Mr. Branson, the founder of the Virgin Group, Âseems to believe he and NTL have the unique right to acquire ITV.Â.
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A Macquarie Communications Infrastructure Group-led consortium bought NTL Inc.&#39;s antenna towers business in the UK for 1.27 billion pounds ($2.47 billion).
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Virgin Atlantic has won the largest share of 21 additional direct flights between the UK and India, gaining 10 to BA's seven and BMI's four.
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In the latest of a flurry of deals among internet service providers, UK firm Claranet buys the UK operations of US business Via.Net Works for Â£7.3m.
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CONSUMER: Leeds-based agency Ptarmigan is to handle regional PR for Virgin Media. The agency worked with NTL Telewest before its merger with Virgin Mobile and subsequent rebranding to Virgin Media. News Analysis, p16  (c) 2007 PR Week. Provided by ProQuest Information and Learning.
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No-brainer Virgin Media went on a PR offensive this weekend. Now that the global credit crunch has put the kibosh on a lusted-after sellout to private equity, boss Neil Berkett was deployed to tell several newspapers about his plan to steady the listing cable firm.â¦
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Virgin's high-speed tilting trains finally come into passenger service on the West Coast Main Line.
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A consortium led by Australia&#39;s Macquarie Group will pick up NTL&#39;s broadcast business, which features about 2,300 sites - including the UK&#39;s tallest free-standing structure at Emley Moor in West Yorkshire.
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Level 3 Communications Inc. on Wednesday announced agreements to supply network services in Ireland and the United Kingdom to ntl, a UK-based broadband provider.