It is true that we are in the early stage of talks with AOL about some potential joint activity, (but) apart from an outline term sheet (agenda), nothing has been agreed at this stage and we have nothing to announce, an NTL spokesman stated to the press.

Industry sources said an alliance between the two groups could see the UK-based cable operator offer its European broadband distribution network in return for AOL Time Warner’s prize content, industry sources said.

We’re talking to everyone in the market on broadband including NTL but there are no announcements to make, an AOL Europe spokesman said.