Feeds

NTL - Telewest 'preps merger'

Here we go again

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

The long-awaited merger between NTL and Telewest appears to be on, according to The Sunday Times.

The UK's two cablecos are lining themselves up for a £5.5bn merger creating a comms company that would be able to take on satellite TV giant Sky and dominant UK phone outfit BT, the paper reports.

NTL has already hired its bankers for the proposed merger while Telewest is said to be heading to the US this week to chose its advisors. Execs at Telewest gave the proposed merger the thumbs up last week, according to the paper.

Should the deal go ahead this time round - and let's be honest, we've been marched up this hill plenty of times before - it would create a company with annual revenues of around £3.3bn and some 5m punters.

Predictably, no one at either NTL or Telewest was prepared to comment on what both companies described as "rumour and speculation".

Neither was a spokeswoman for NTL prepared to comment on reports today that it is close to flogging its cable business in Ireland.

UnitedGlobalCom (UGC) is still looking favourite to snap up the business even if it does pass through the hands of a thirty party beforehand.

In March NTL said it was "evaluating strategic alternatives for our business in the Republic of Ireland, which may include a divestiture" and reported that prospective buyers had already expressed "considerable interest".

NTL Ireland offers digital and analogue cable TV to homes in Dublin, Waterford and Galway and broadband in parts of Dublin. ®

Related stries

French cableco front runner to buy NTL Ireland
Broadband gods smile on Telewest
NTL hits copper trail to ADSL2+
NTL completes £1.27bn sale of broadcast division

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
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 ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
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.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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?