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A Year Ago: Virgin set to 'attack' telecoms market

According to Richard Branson, Virgin is set to enter the telecoms market, which, said the UK's favourite train boss "is exactly the sort of market we like to attack"

A Virgin spokesman confirmed the company's intention: "We are seriously considering opportunities in both fixed line and mobile."

While details are not yet available, the spokesman said Virgin was "seriously considering" a bid for a Universal Mobile Telephony (UMTS) license. The DTI is currently inviting bids for five licenses. The awards will be announced later this year.

BT is upbeat about Branson's potential entry into the market: "We've had competition for a number of years and are geared up to working with and against the competition. The more the merrier," he said.

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