We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

NTL/Telewest merger complete

Cable giants come together

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.


IDG UK Sites

Can flip phones make a comeback? LG announces Ice Cream Smart

IDG UK Sites

Race to claim thinnest smartphone is pointless: Let's focus on the important things

IDG UK Sites

Floating hard drive offers safe storage for daredevil filmmakers

IDG UK Sites

Apple Q1 2015 financial results: Analysts predict Apple's holiday quarter sales ahead of Tuesday's...