Virgin is concerned that it is too confusing for two Indian businesses to have a relationship with Virgin Radio.
It is also understood that Virgin Group, which owns Virgin Radio in countries throughout Europe and Asia, is keen to reclaim the Virgin Radio brand and launch a British station, possibly on DAB.
It is understood that Virgin Group would look to relaunch Virgin Radio with a partner.
A report in todays Sunday Times Business section has a report that Virgin Radiocould return to the air next year.
The station is in talks with at least one radio group about a licensing deal.