Feeds

NTL move on ITV Digital denied

ITV Digital talking to 'virtually everyone in the industry'

  • alert
  • submit to reddit

The essential guide to IT transformation

Carlton Communications and Granada have denied that NTL has put in an offer to buy their stake in ITV Digital.

According to reports today, NTL is believed to have launched an all-share offer for the digital TV operator, which is jointly owned by the two companies.

The deal is said to involve Carlton and Granada giving up their hold over ITV Digital in return for a ten per cent stake in the enlarged group.

The two companies would also invest up to £300 million in ITV Digital before it was sold.

NTL CEO Barclay Knapp said NTL had made no offer to buy ITV Digital.

"ITV Digital's discussions with virtually everyone in the industry have been well documented as they have looked for ways to improve their situation," he added.

Carlton and Granada both denied any offer had been received from NTL.

ITV Digital is expected to cost £1.1 billion before it breaks even in 2003. ®

Related Stories

BT in digital TV deal
NTL fails broadband postcode test

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

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.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?