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As reported in The Register ntl has bought out Virgin groups interest.
We knew ties were close, Virgin regularly emailing it's users for overuse of bandwidth, depsite claims of no caps being in place on it's main services (recently rebranded packages thoughs as Options one and two). Now the ntl influences will really come to the foreground.
Quote:
NTL chief exec Simon Duffy, said: "This is a very good acquisition for NTL. Virgin.net has a strong presence in the internet arena, underpinned by a powerful brand name and an outstanding team. I welcome them to NTL and look forward to their participation in the business.
well, they have more than 500,000 customers.
ntl say it'll still be virgin branding, in a few months they'll bring in to ntl branding - to bring the company closer together
virgin.net now competing with ntl:freedom now then?
As reported in The Register ntl has bought out Virgin groups interest.
We knew ties were close, Virgin regularly emailing it's users for overuse of bandwidth, depsite claims of no caps being in place on it's main services (recently rebranded packages thoughs as Options one and two). Now the ntl influences will really come to the foreground.
Well Virgin had been wanting to sell Virgin.net for years - back about 2 and a half years ago when I worked at ntl - there was talk of ntl buying the whole of Virgin.net. Hence why Virgin had let things slip with the packages they were quite far behind with the unmetered stuff - and were still running only metered services till the mid/end of 2001. Rumour was that ntl wouldn't given them enough cash for it but instead wanted to give them shares in ntl. Good on Virgin tho at least they didn't loose out on some highly valuable ntl shares LOL.
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