Feeds

Telewest admits it could face funding gap

Has to keep performing

  • alert
  • submit to reddit

3 Big data security analytics techniques

ComputerWire: IT Industry Intelligence

UK cable operator Telewest Communications Plc has for the first time acknowledged it could face a funding gap. The London, UK-based company had been telling a disbelieving world that it was fully-funded despite a widespread belief that it would join other cable operators in a debt-for-equity restructuring.

Chief executive Adam Singer told the company's annual meeting yesterday that it has a requirement for 200m pounds ($292m) vendor financing and needs to fill the outstanding proportion 105m pounds ($153.3m) of the international tranche of its bank facility.

Moreover, the ability to draw on its bank facility is dependent on the company continuing to deliver strong operational performance. "If we are unable to meet any of these requirements then we will potentially face a funding gap," he said. Singer insisted that Telewest had continued to perform strongly, and that its number of broadband subscribers is now 169,000, up from 148,000 on May 2.

© ComputerWire.

Top three mobile application threats

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.