Virgin Mobile rejects NTL's takeover bid

NTL’s hopes of creating a heavyweight media firm were hit today after its £817m (€1.2bn) offer for Virgin Mobile was rejected by the telecoms group.

Virgin Mobile rejects NTL's takeover bid

NTL’s hopes of creating a heavyweight media firm were hit today after its £817m (€1.2bn) offer for Virgin Mobile was rejected by the telecoms group.

Virgin Mobile said the potential offer “materially undervalued” the business. As a result it was unanimously rejected by the board of Virgin Mobile.

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