Feeds

Telewest strengthens grip on UK cable business

Snaffles up Comcast Birmingham stake

  • alert
  • submit to reddit

The essential guide to IT transformation

Telewest Communications is to pay £130 million to gain a 99 per cent stake in Birmingham Cable, from Comcast and General Cable. Birmingham Cable currently has consolidated net assets of £71 million. The company has agreed to buy Comcast’s 27.47 per cent stake for £125 million, the additional £5 million will be paid to cover various fees owed to Comcast. The companies expect the deal to be finalised by the end of September. Telewest had previously announced a separate takeover of General Cable’s 44.95 per cent stake in the Birmingham company, but has changed course slightly. It now intends to merge with General Cable, and take control of the stake that way. Charles Burdick, finance director at Telewest, said: “Birmingham Cable’s operations are contiguous with our midlands franchises and together they will represent one of the largest clusters of cable franchises in the UK with almost one million homes.”

Build a business case: developing custom apps

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
'Aaaah FFS, 'amazeballs' has made it into the OXFORD DICTIONARY'
Plus: 'EE, how shocking, ANOTHER problem I face with your service'
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.