Virgin Media has reportedly drawn up plans to dispose of its corporate telecoms division. The Times says that Virgin is to concentrate on the recruitment of cable TV and broadband customers.
The sale could net the NASDAQ-quoted cablenet some £600 million; combining the division with another operator rather than a straight sale appears to be the most likely option.
Investment bank Goldman Sachs has put together a package that would combine the division with Thus, the former Scottish Telecom, being acquired by Cable & Wireless for £329m.
