Tuesday, May 17, 2005
Telewest & NTL merger
17/05/2005 Telewest/NTL merger closer as Telewest appoints Deutsche Bank as advisor - report
Story: Telewest and NTL, the UK cable-TV operators, are closing in on their expected merger, according to a report in the New York Times. Telewest has appointed Deutsche Bank to negotiate the merger, the report said, citing well-placed executive sources. The deal could be worth around USD 5bn (EUR 3.96bn) and analysts believe the appointment will speed up the negotiation process and bring the deal closer to fruition, the report continues. NTL has already appointed Goldman Sachs but deal terms such as cash or stock are not yet decided, the report concluded.
Source: New York Times
Value: €3,960m (Potential size of merger)
Story: Telewest and NTL, the UK cable-TV operators, are closing in on their expected merger, according to a report in the New York Times. Telewest has appointed Deutsche Bank to negotiate the merger, the report said, citing well-placed executive sources. The deal could be worth around USD 5bn (EUR 3.96bn) and analysts believe the appointment will speed up the negotiation process and bring the deal closer to fruition, the report continues. NTL has already appointed Goldman Sachs but deal terms such as cash or stock are not yet decided, the report concluded.
Source: New York Times
Value: €3,960m (Potential size of merger)
