Feeds

Money firms sniffing around NTL/Telewest

Heaven scent

Protecting users from Firesheep and other Sidejacking attacks with SSL

Four private equity groups look set to pool resources in a bid to snap up NTL and Telewest once the UK cablecos merge next year.

So reports The Sunday Times, which names the cash quartet as Blackstone Group, Cinven, Kohlberg Kravis Roberts (KKR) and Providence Equity Partners.

It seems the group is prepared to stump up £6bn for the enlarged cableco although sources told the paper that the deal still might not come to anything.

Earlier this month NTL and Telewest finally agreed to merge in a deal that values Telewest at around £3.4bn.

Once the deal is completed, the pair - whose cable networks do not overlap - will be able to provide TV, phone and broadband to more than half of UK homes.

The combined group will have almost five million residential punters and is set to be the largest provider of domestic broadband services in the UK with 2.5m subscribers.

The WSJ has already reported that private equity groups were interested in NTL/Telewest. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.