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NTL acquisition of Virgin Media Group's interest in Virgin Net

Sunday, 19 August 2018
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Tuesday, 9 November 2004

A Travers Smith team advised NTL on its acquisition of Virgin Media Group's interest in Virgin Net, together with the remaining interest held by existing and former management of Virgin Net. The acquisition takes NTL's ownership of Virgin Net, the joint venture formed by NTL and Virgin in 1996, to 100 per cent.

Virgin Net is currently the UK's 5th largest Internet Service Provider (ISP) and provides unmetered and pay-as-you-go narrowband services and broadband services to approximately 590,000 customers.

The consideration was not disclosed.

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