Virgin Media Inc. has announced three prospective buyers for its VMtc channels, Reuters reported Tuesday. The company revealed Channel 4, Time Warner Inc and BSkyB as the three groups who had qualified for the second round of the sale of VMtv.

The sale sees Virgin Media looking to separate VMtv from its television portfolio, while retaining its UKTV enterprise which includes BBC and BBC worldwide. The two BBC channels are valued at around £400 million.