Virgin Media postpones sale plans
Article Abstract:
U.K. cable operator Virgin Media Inc. has announced it will delay a strategic review, prompted by debt market volatility. Industry observers believe Virgin Media has been approached by Carlyle Group, a U.S. private equity company. Virgin Media has approximately 6 bil pounds sterling in debt; the approach is estimated to have valued Virgin Media's equity somewhere between 4 bil and 5 bil pounds sterling.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
Portugal Telecom investors should call bluff on buyout bid
Article Abstract:
Sanaecom of Portugal has bid 9.50 Euros per share for Correios e Telecommunicacoes de Portugal EP also of Portugal. The bid is considered low as Portugal Telecom's shares closed at 10.20 Euros yesterday. The Sanaecom bid for the telecommunciations company valued the business at 10.7 billion Euros ($13.86 billion).
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: U.K.'s Virgin Mobile, NTL to merge. Tandberg Television buys N2 Broadband. NTL to replace Duffy as CEO, revises merger
- Abstracts: Ryanair prices offset fuel costs as profit soars. Ryanair expects profit drop on fuel costs
- Abstracts: Sarbanes-Oxley changes take root. Post-Enron regulatory changes have their good and bad sides
- Abstracts: How France became a leader in offering faster broadband. At France Telecom, battle to cut jobs breeds odd tactics
- Abstracts: Novartis, SGX pair up to develop leukemia drugs. AstraZeneca pipeline suffers another blow. AstraZeneca signs deal with RNAi company: medical giant will invest money to help develop treatments