NTL is reported to be paying around £100 million in cash and shares for the 51% of ISP Virgin Net that it does not already own in a deal set to complete next week. NTL will take all the half million Virgin Net dial-up subscribers. The Virgin Group will continue to control the Virgin.net web site which will continue as an entertainment portal.

According to reports in MediaGuardian.co.uk, the deal is expected to make NTL the third largest ISP in the UK. MediaGuardian.co.uk suggests that the decision to split from NTL is the reason why Virgin.net postponed its unmetered internet access package earlier this year.

Virgin and NTL have worked together on Virgin.net since 1996. The separation of the two companies has been expected since August.

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.