LONDON (AFP) - The US cable operator NTL said it had made three new offers for the British telecommunications group Virgin Mobile, one of which was in cash and valued the company at around 940 million pounds (1.37 billion euros, 1.66 billion dollars).
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A second offer in NTL shares was equivalent to 890 million pounds, while the third was a combination of cash and shares and put Virgin Mobile's value at 883 million pounds.
The group's majority shareholder Richard Branson has accepted the third option, paving the way for the takeover of the British cellphone group.
Branson's Virgin Group, which owns 71 percent of the mobile operator, has said it will accept an offer of 0.074384 "redeemable units" of NTL stock plus 67 pence in cash for each share held.
Remaining investors will be able to accept those terms, or instead choose 372 pence per share or 0.09298 NTL shares, which are listed in the United States.
In a statement issued after the market closed the two groups stressed that talks continued and said any firm offer was subject to the satisfaction of certain pre-conditions.
The Virgin Mobile board unanimously rejected a 323 pence-per-share offer last month, but talks resumed last week.
Shares in the telecoms operator closed Monday at 368 pence.
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