The merger between UK cable services giants NTL and Telewest has been completed, the companies have announced.
The move transforms the two firms into the UK's largest broadband and cable services provider, which will be called NTL Incorporated.
"This combination of two industry leaders positions us to better fulfil our commitment to serve our customers," said Jim Mooney, chairman of NTL. "We are grateful for the strong support for this merger demonstrated by stockholders, customers, employees and the communities we serve. We are excited to now move forward as one entity that has the experience and resources of both companies, coupled with an unsurpassed breadth of communications products."
NTL and Telewest stockholders will soon learn how to exchange their shares for shares in the combined company. Telewest stockholders will also receive information about how to claim the cash consideration payable in connection with the reclassification of their shares.
This story first appeared on Macworld.co.uk.
Comments