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Virgin Media UK and Everything Everywhere Targeted for Takeover

Monday, June 18th, 2012 (1:28 pm) - Score 2,731
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Cable giant Virgin Media and mobile operator Everything Everywhere (Orange UK and T-Mobile) have allegedly become the targets of a colossal takeover bid by two private equity firms, KKR and Apax Partners, which is being headed up by Tom Alexander (former CEO of Everything Everywhere).

Reports suggest that the EE takeover bid could be worth between £6.4bn-£8bn, while Virgin Media are separately known to be valued at around £4bn. Furthermore it’s claimed that Tom Alexander has already held informal discussions with EE, which are in the very early stages. Virgin Media is said not to have been approached but could become a future target.

Tom Wright, Spokesman for France Telecom (Orange), said (Bloomberg):

In relation to media speculation, France Telecom clarifies that no offer from a third party to acquire the business has been received nor has been invited.

Everything Everywhere is a strong business with a clear leadership position in the U.K. market and its shareholders are 100 percent supportive of the group, its management and its strategy.”

Suffice to say that the official line from all involved is that nothing has happened, yet, and the prospect of a takeover remains very much uncertain. Never the less, discussions seem to have taken place and Tom Alexander appears to be taking the idea seriously.

However it’s widely speculated that any takeover would result in the merged T-Mobile and Orange UK (Everything Everywhere) businesses returning to a single brand and possibly retaining the ‘Orange’ name. Throw in Virgin Media for good measure and the competition authorities might suddenly have a few concerns.

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Mark Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on Twitter, , Facebook and Linkedin.
Leave a Comment
5 Responses
  1. Avatar me

    If this meant that virgin would start laying fibre optic cables maybe it wouldn’t be such a bad idea.

  2. Avatar dragoneast

    Dream on, Tom.

  3. Avatar Sheffield Owl

    Re Virgin Cable……..where I use to live(3 miles from my present home),we had cable installed in 1994(Then it was Yorkshire Cable),18 years later and still no cable on this estate,so I’m not getting too excited by this news.

  4. Avatar Onephat

    Ovbiously laying cable is the most expensive form of delivering tv and broadband Internet but I’m wondering if vm could get funding to develop the network beyond its current level if intern would deliver better profits. I’m guessing new housing estates such as the one I live on is about 50 yards from a green cab. Within a few hundred yards they could reach tens of houses., within a few thundered yards more your talking hundreds of houses. Immguessing this picture is mirrored across the uk so with a little extra work they could potentially reach tens of thousands if not millions of new customers.

  5. Avatar Bob

    The simple way to extend the VM coverage is by using the BT ducts and then linking into their nearest cabinet. At the moment though accessing the BT ducts is still an issue

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