NTL set to increase Virgin Mobile offer

TELECOMS group NTL is understood to be planning to increase its takeover offer for Virgin Mobile.

NTL set to increase Virgin Mobile offer

It is thought NTL is considering raising its bid for the group to 360p a share, and could table the new offer as early as next week, according to a Sunday Times report.

The new offer would be just over 10% more than the 323p a share bid originally tabled.

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