Feeds

Private investors sniff around NTL/Telewest

Cablecos a go-go

Eight steps to building an HP BladeSystem

A group of private investors is still interested in buying UK cableco NTL once it has completed its merger with Telewest, The Sunday Times reports. The group - comprising Apax Partners, Cinven, Kohlberg Kravis Roberts, Premier, Providence Equity Partners - wants to spend around £8bn on the business.

The appeal of the cableco is further sweetened should NTL's take-over of Virgin Mobile get the green light. However, there are reports that the cableco is unlikely to welcome a buy-out and is expected to reject any approach.

Speculation that a third party might be interested in the enlarged telco surfaced just days after NTL confirmed in October that it planned to take-over Telewest in a deal that values the cableco at around $6bn. The pair - whose cable networks do not overlap - will be able to provide TV, phone and broadband to more than half of UK homes.

Once merged, 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. It will also be the second largest pay TV outfit with 3.3m punters and the number two fixed telephony provider with 4.3m subscribers.

However, the merger of the UK's two cablecos was given added significance earlier this month when NTL announced it had offered £817m to swallow Virgin Mobile. Although the deal was rejected by Virgin industry watchers remain confident it will go-ahead enabling the company to rebrand under the Virgin name offering a four play of TV, phone, broadband and mobile. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.