Virgin Media planning London listing
By Julian Clover
February 11, 2007 16.11 UK
Virgin Media is reportedly considering a secondary listing on the London Stock Exchange. The Sunday Telegraph reports that chief financial officer Jacques Kerrest is to make a recommendation to the board in March as to whether a London listing would be of benefit to the company. Virgin Media, formed from the merger of cable operators NTL and Telewest and the Virgin mobile business, is currently quoted on the Nasdaq exchange in New York. Virgin Media has to weigh up whether the benefit of additional fund investment is worth the extra cost.
Although Virgin Media’s operations are exclusively in Britain, NTL has previously argued that American investors value the company more highly.
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