Quote:
|
Originally Posted by Shaun
You can't see money being a problem? 
They only just managed to avoid bankruptcy by the skin of their teeth.
They bought Virgin Mobile mainly with shares, they have limited money at the moment - well they always have. |
why pay 1bn for a company if you have no money ? why not just purchase telewest and rebrand ?
of course they have money
ntl / telewest / whoever they are will have to pay 0.25% royalties on its revenue for three decades - with a minimum annual payment of £8.5m - to Virgin Enterprises for the use of the brand name created by Sir Richard.