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Virgin Mobile to Float

Richard Branson gets rich(er)



1:42 pm on Jun 30, 2004 (gmt 0)

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VIRGIN Mobile, part of billionaire Sir Richard Bransonís sprawling business empire, today confirmed it planned to float on the London Stock Exchange next month.

The long-awaited debut as a public company is expected to value Virgin Mobile - Britainís fifth-biggest mobile operator - at about £1 billion.

In a statement, the company said: "It is intended that the global offer will be completed before the end of July and that shares will be sold to institutional investors in the UK and internationally."


2:16 pm on Jun 30, 2004 (gmt 0)

WebmasterWorld Senior Member topr8 is a WebmasterWorld Top Contributor of All Time 10+ Year Member

shame. i've had fantastic service from them and am very happy, wonder if that will carry on?

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