NTL and Telewest edge closer to long-awaited merger
Heather Timmons writes in the International Herald Tribune:
The two largest British cable operators, NTL and Telewest, moved closer to a long-awaited merger on Monday when Telewest hired Deutsche Bank as its financial advisor to negotiate a deal, according to executives close to the situation.
A tie-up between the companies, both of which are listed in the United States but only have customers in Britain and Ireland, has often been predicted because they have similar businesses but serve different regions. But any deal has been stalled by disagreements over price and the companies' management. Some analysts have said NTL could pay about $10 billion in cash and debt for Telewest.
posted by Fergie @ 5/16/2005 06:36:00 PM
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