View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
August 4, 1997updated 03 Sep 2016 1:55pm

TELEWEST AND NTL IN MERGER NEGOTIATIONS

By CBR Staff Writer

Just when Cable & Wireless Communications thought it had the title of UK’s biggest cable operator safely installed on its headed notepaper, speculation is mounting about another mega- merger between Telewest Communications Plc (currently the UK’s number two player) and NTL Inc, the Nasdaq listed cable and broadcast services company. C&W Communications originally took the title with its four way merger earlier this year. The deal set new records for complexity and brought 5.4 million homes under one umbrella. But the Telewest/NTL partnership, if it were to go ahead, would create a cable television company connecting seven million homes. Telewest is no stranger to merger speculation, and it was little more than a month ago when chairman Fred Vierra was musing on the possibilities of a full merger with arch rivals Cable & Wireless Communications. Relegation to the number two slot has hurt Telewest’s share price and Vierra admitted that his company is failing to create a strong brand name in the market place. The initial approach for the new deal was made by NTL’s chief executive Mr Barclay Knapp, but Telewest are stressing that talks are still at the very earliest stage. NTL Inc was itself formed from the merger of International CableTel Inc and National Transcommunications Ltd in March 1996. Telewest’s shares were trading up 5 pence on the news at 84 pence.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU