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.

Strategy & planning, Financial management, Planning, Finance, Company business planning, Company financing, Virgin Media Group Ltd.

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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).

United Kingdom, Europe, Portugal, Correios e Telecomunicacoes de Portugal EP, Financial report

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