Feeds

Telewest debt structure ‘better than NTL’

Who needs merger agony?

  • alert
  • submit to reddit

Remote control for virtualized desktops

Telewest, the cable company, has dismissed talks of joining forces with NTL, its bigger rival, after investors said they preferred its debt structure to NTL's.

Adam Singer, chief executive, said the company did not need to go through "the agony of a merger," a reference to a Competition Commission investigation should the two, the UK's only cable companies of any size, ever did decide to merge.

But neither of Telewest's two major shareholders, Microsoft and Liberty, had expressed enthusiasm for the idea, he told the Times.

Telewest pushed out some financials yesterday, showing income up 41 per cent £814 million in the nine months to September 30, but the pre-tax loss also grew and stood at £475 million.

The company's churn rate was up 1.5 per cent on the same period last year, but it was keen to stress that only 14.5 per cent of those who switched off the cable TV service had dropped Telewest completely.

The company's set-top box roll-out is now back on track, with a previous components shortage now under control, Telewest said. It expects to ship 350,000 by the end of the year and 500,000, sometime in Q1 2001. ®

Internet Security Threat Report 2014

More from The Register

next story
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
Cray-cray Met Office spaffs £97m on VERY AVERAGE HPC box
Only 250th most powerful in the world? Bring back Michael Fish
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
IBM, backing away from hardware? NEVER!
Don't be so sure, so-surers
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.