UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q
(Mark One)
(X)  Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934 for the Quarterly Period Ended:
                                  JUNE 30, 2000
                                       OR
( )  Transition  Report  pursuant  to Section  13 or 15(d) of the  Securities
     Exchange Act of 1934 for the Transition Period from ________ to ________.

                         Commission File Number 0-24792

                               NTL (TRIANGLE) LLC
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



            Delaware                                             13-4086747
--------------------------------------------------------------------------------
 (State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                              Identification No.)

                              110 East 59th Street
                               New York, NY 10022
                                 (212) 906-8440
--------------------------------------------------------------------------------
    (Address, including zip code, and telephone number, including area code,
                  of Registrant's principal executive offices)

                           --------------------------

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding  twelve months (or for such shorter period that the registrant was
required to file such  reports),  and (2) has been subject to such  requirements
for the past 90 days.

         Yes  X                                         No
            -----                                          ----

                           --------------------------

As of June 30,  2000,  there  were  800,000  shares of the  Registrant's  common
membership interests  outstanding.  The Registrant is an indirect,  wholly owned
subsidiary  of NTL  Incorporated  and  there is no market  for the  Registrant's
Common Stock.
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000

                                TABLE OF CONTENTS
                                                                           Page
                                                                          Number
                                                                          ------
PART I.  FINANCIAL INFORMATION
-------  ---------------------

         Item 1. Financial Statements

                 Condensed Consolidated Balance Sheets as of
                 June 30, 2000 (Unaudited) and December 31, 1999...............2

                 Condensed Consolidated Statements of Operations
                 for the Six and Three Months Ended June 30, 2000 and
                 1999 (Unaudited)..............................................3

                 Condensed Consolidated Statement of Shareholder's
                 Equity for the Six Months Ended June 30, 2000 (Unaudited).....4

                 Condensed Consolidated Statements of Cash Flows for
                 the Six Months Ended June 30, 2000 and 1999 (Unaudited).......5

                 Notes to Condensed Consolidated
                 Financial Statements (Unaudited)..........................6 - 8

         Item 2. Management's Discussion and Analysis of
                 Financial Condition and Results of Operations............9 - 11

         Item 3. Quantitative and Qualitative Disclosures About
                 Market Risk..................................................12

PART II. OTHER INFORMATION
-------- -----------------

         Item 6. Exhibits and Reports on Form 8-K.............................12

         SIGNATURES...........................................................13

<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000

PART I.   FINANCIAL INFORMATION
-------   ---------------------

ITEM 1.   FINANCIAL STATEMENTS
-------   --------------------

                      CONDENSED CONSOLIDATED BALANCE SHEETS
                      -------------------------------------

<TABLE>
<CAPTION>
                                                                                     June 30,               December 31,
                                                                                       2000                    1999
                                                                                ------------------     -------------------
                                                                                    (Unaudited)             (See Note)
                                                                                  (in (UK Pound)000's, except share data)
<S>                                                                               <C>                     <C>
Assets

Current assets
   Cash and cash equivalents................................................      (UK Pound)41,832        (UK Pound)27,895
   Accounts receivable, less allowance for doubtful accounts of
     (UK Pound)10,547 (2000) and (UK Pound)9,452 (1999).....................                10,738                  10,170
   Due from affiliate.......................................................                    58                       -
   Other current assets.....................................................                 5,767                   4,240
                                                                                ------------------     -------------------
       Total current assets.................................................                58,395                  42,305

Property and equipment, net.................................................               411,032                 382,078
Intangible assets, net......................................................               412,937                 434,333
Other assets, net...........................................................                33,309                  42,553
                                                                                ------------------     -------------------
                                                                                 (UK Pound)915,673       (UK Pound)901,269
                                                                                ==================     ===================

Liabilities and shareholder's equity

Current liabilities
   Accounts payable and accrued expenses....................................      (UK Pound)46,542        (UK Pound)34,431
   Deferred revenue.........................................................                10,618                  10,572
   Due to affiliates........................................................                32,139                   5,905
   Current portion of long-term debt........................................                   684                     864
                                                                                ------------------     -------------------
     Total current liabilities..............................................                89,983                  51,772

Long-term debt, less current portion........................................               330,937                 293,285

Commitments and contingent liabilities

Deferred income taxes.......................................................                 8,211                   8,237

Shareholder's equity:
   Common membership interests, (UK Pound).01 par value - authorized and
     issued 800,000 shares..................................................                     8                       8
   Additional capital.......................................................               363,966                 363,966
   Accumulated other comprehensive (loss)...................................                   (14)                   (189)
   Retained earnings........................................................               122,582                 184,190
                                                                                ------------------     -------------------
     Total shareholder's equity.............................................               486,542                 547,975
                                                                                ------------------     -------------------
                                                                                 (UK Pound)915,673       (UK Pound)901,269
                                                                                ==================     ===================

Note:  The balance  sheet at December 31, 1999 has been derived from the audited financial statements at that date.
</TABLE>

See accompanying notes.

                                       2
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                 -----------------------------------------------
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                   Six Months Ended                   Three Months Ended
                                                        June 30,                           June 30,
                                                2000                1999            2000                1999
                                        ------------------  ----------------- -----------------  -----------------
                                                                    (in (UK Pound)000's)

<S>                                     <C>                 <C>                <C>                <C>
Revenue................................  (UK Pound)77,612    (UK Pound)47,480   (UK Pound)38,935   (UK Pound)24,291
                                        ------------------  -----------------  -----------------  -----------------

Costs and expenses
   Operating...........................            26,968              15,966             13,461              8,193
   Selling, general and administrative.            33,590              20,066             18,688              9,897
   Depreciation and amortization.......            40,092              17,527             23,339              8,777
                                        ------------------  -----------------  -----------------  -----------------
                                                  100,650              53,559             55,488             26,867
                                        ------------------  -----------------  -----------------  -----------------

Operating loss.........................           (23,038)             (6,079)           (16,553)            (2,576)

Other income (expense)
   Interest expense....................           (16,977)            (15,536)            (8,840)            (7,890)
   Investment income...................               798               2,680                467                976
   Equity in net loss of affiliate.....                 -              (3,972)                 -             (1,912)
   Amalgamation costs..................                 -                (145)                 -                  -
   Exchange losses and other...........           (22,466)            (13,721)           (15,810)            (5,996)
                                        ------------------  -----------------  -----------------  -----------------
                                                  (38,645)            (30,694)           (24,183)           (14,822)
                                        ------------------  -----------------  -----------------  -----------------

Loss before income taxes...............           (61,683)            (36,773)           (40,736)           (17,398)
Income tax benefit (provision).........                75                   -                (71)                 -
                                        ------------------  -----------------  -----------------  -----------------

Net loss............................... ((UK Pound)(61,608) (UK Pound)(36,773) (UK Pound)(40,807) (UK Pound)(17,398)
                                        ==================  =================  =================  =================
</TABLE>



See accompanying notes.

                                       3
<PAGE>


                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000
            CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDER'S EQUITY
            --------------------------------------------------------
                                   (Unaudited)
                     (in (UK Pound)000's, except share data)



<TABLE>
<CAPTION>
                                     Common
                                   Membership                                Compre-
                                   Interests             Additional          hensive
                               Shares      Amount          Capital             Loss
                               ------      ------          -------             ----

<S>                            <C>      <C>           <C>               <C>
Balance at December 31, 1999.   800,000 (UK Pound)8   (UK Pound)363,966
  Net loss...................                                           (UK Pound)(61,608)
  Currency translation
    adjustment...............                                                         175
                                                                        -----------------
  Comprehensive loss.........                                           (UK Pound)(61,433)
                              --------  -----------   ----------------- -----------------

Balance at June 30, 2000.....  800,000  (UK Pound)8   (UK Pound)363,966
                              ========  ===========   =================


<CAPTION>
                               Accumulated
                              Other Compre-
                                 hensive           Retained
                                  Loss             Earnings            Total
                                  ----             --------            -----
<S>                          <C>              <C>               <C>
Balance at December 31, 1999.(UK Pound)(189)  (UK Pound)184,190 (UK Pound)547,975
  Net loss...................                           (61,608)          (61,608)
  Currency translation
    adjustment...............           175                                   175

  Comprehensive loss.........
                             --------------   ----------------- -----------------

Balance at June 30, 2000..... (UK Pound)(14)  (UK Pound)122,582 (UK Pound)486,542
                             ==============   ================= =================
</TABLE>

See accompanying notes.

                                       4
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                 -----------------------------------------------
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                           Six Months Ended
                                                                                                 June 30,
                                                                                      2000                    1999
                                                                                -----------------      -----------------
                                                                                        (in (UK Pound)000's)
<S>                                                                             <C>                    <C>
Net cash provided by operating activities................................        (UK Pound)29,213       (UK Pound)16,882
                                                                                -----------------      -----------------

Investing activities
   Purchases of marketable securities....................................                  (2,166)                     -
   Proceeds from sales of marketable securities..........................                   2,199                      -
   Fixed asset deposit with affiliate....................................                       -                (51,915)
   Capital expenditures..................................................                 (14,063)               (28,158)
   Additions to deferred charges.........................................                       -                    (55)
                                                                                -----------------      -----------------

         Net cash used in investing activities...........................                 (14,030)               (80,128)
                                                                                -----------------      -----------------

Financing activities
   Principal payments....................................................                    (915)                (1,209)
   Net transactions with affiliates......................................                       -                    (94)
                                                                                -----------------      -----------------

         Net cash used in financing activities...........................                    (915)                (1,303)

         Effect of exchange rate changes on cash.........................                    (331)                     -
                                                                                -----------------      -----------------

Increase (decrease) in cash and cash equivalents.........................                  13,937                (64,549)

Cash and cash equivalents, beginning of period...........................                  27,895                103,451
                                                                                -----------------      -----------------

Cash and cash equivalents, end of period.................................        (UK Pound)41,832       (UK Pound)38,902
                                                                                =================      =================

Supplemental disclosure of cash flow information
   Cash paid during the period for interest..............................           (UK Pound)177          (UK Pound)357

Supplemental schedule of noncash financing activities
   Capital lease obligations.............................................             (UK Pound)-          (UK Pound)138
</TABLE>


See accompanying notes.

                                       5
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)

1.   Basis of Presentation

     The accompanying  unaudited condensed  consolidated financial statements of
     NTL (Triangle) LLC (formerly NTL (Bermuda)  Limited) (the  "Company")  have
     been  prepared  in  accordance  with  U.S.  generally  accepted  accounting
     principles for interim  financial  information and with the instructions to
     Form  10-Q  and Rule  10-01 of  Regulation  S-X.  Accordingly,  they do not
     include all of the information and footnotes required by generally accepted
     accounting principles for complete financial statements.  In the opinion of
     management,  all  adjustments  (consisting  of normal  recurring  accruals)
     considered necessary for a fair presentation have been included.  Operating
     results  for  the  six  and  three  months  ended  June  30,  2000  are not
     necessarily  indicative  of the results  that may be expected  for the year
     ending   December  31,  2000.  For  further   information,   refer  to  the
     consolidated  financial  statements and footnotes  thereto  included in the
     Company's Annual Report on Form 10-K for the year ended December 31, 1999.

     In June 1998, the Financial  Accounting Standards Board issued Statement of
     Financial Accounting Standards ("SFAS") No. 133, "Accounting for Derivative
     Instruments  and Hedging  Activities."  This statement,  which  establishes
     accounting and reporting  standards for derivatives and hedging activities,
     is required to be adopted by the Company  effective  January 1, 2001.  Upon
     the adoption of SFAS No. 133, all derivative instruments are required to be
     recognized  in the  statement  of  financial  position as either  assets or
     liabilities  and  measured at fair value.  The  Company is  evaluating  the
     impact  that the  adoption  of SFAS  No.  133  will  have on its  financial
     position and results of operations.

2.   Comprehensive Loss

     Comprehensive loss for the six and three-month  periods ended June 30, 2000
     and  1999  was  (UK  Pound)61,433,000,  (UK  Pound)36,773,000,  (UK  Pound)
     39,986,000 and (UK Pound)17,398,000, respectively.

3.   Amalgamation with NTL

     On October 29, 1998, NTL Incorporated  ("NTL"),  NTL (Bermuda)  Limited,  a
     wholly  owned  subsidiary  of NTL,  and Comcast UK Cable  Partners  Limited
     ("Partners")  consummated a transaction (the  "Amalgamation"),  whereby NTL
     (Bermuda) Limited merged with Partners.

     Pursuant  to then  existing  arrangements  between  Partners  and  Telewest
     Communications  plc  ("Telewest"),  a co-owner of interests in Cable London
     PLC ("Cable London") and Birmingham Cable Corporation Limited  ("Birmingham
     Cable"), Telewest had certain rights to acquire either or both of Partner's
     interests in these systems as a result of the  Amalgamation.  On August 14,
     1998, Partners and NTL entered into an agreement (the "Telewest Agreement")
     with  Telewest  relating to Partner's  ownership  interests  in  Birmingham
     Cable,  Partner's and Telewest's  respective  ownership  interests in Cable
     London  and  certain  other  related  matters.  Pursuant  to  the  Telewest
     Agreement,  in October 1998,  Partners sold its 27.5% ownership interest in
     Birmingham  Cable to Telewest for (UK Pound)125  million,  plus (UK Pound)5
     million for certain subordinated debt and fees.  Additionally,  in November
     1999,  the  Company  sold its 50%  ownership  interest  in Cable  London to
     Telewest for (UK Pound)428 million in cash.

                                       6
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED
                                   (Unaudited)

4.   Investment in Cable London

     Summarized  financial  information for Cable London which was accounted for
     under the equity method is as follows (in (UK Pound)000's):
<TABLE>
<CAPTION>
                                                                           Six Months               Three Months
                                                                              Ended                     Ended
                                                                          June 30, 1999             June 30, 1999
                                                                        -----------------         ----------------
<S>                                                                    <C>                       <C>
     Results of operations:
          Service income.........................................       (UK Pound)38,574          (UK Pound)19,582
          Operating, selling, general and administrative expenses                (27,265)                  (13,686)
          Depreciation and amortization..........................                (11,921)                   (6,017)
          Operating loss.........................................                   (612)                     (121)
          Net loss...............................................                 (7,751)                   (3,728)
          Company's equity in net loss...........................                 (3,972)                   (1,912)
</TABLE>

5.   Property and Equipment

     Property and equipment consists of (in (UK Pound)000's):
<TABLE>
<CAPTION>
                                                                            June 30,                December 31,
                                                                              2000                      1999
                                                                        -----------------        -----------------
                                                                           (Unaudited)

<S>                                                                     <C>                      <C>
     Operating equipment                                                (UK Pound)460,900        (UK Pound)436,117
     Other equipment                                                               48,312                   39,523
     Construction in progress                                                      18,535                    4,358
                                                                        -----------------        -----------------
                                                                                  527,747                  479,998
     Accumulated depreciation                                                    (116,715)                 (97,920)
                                                                        -----------------        -----------------
                                                                        (UK Pound)411,032        (UK Pound)382,078
                                                                        =================        =================
</TABLE>

6.   Intangible Assets

     Intangible assets consist of (in (UK Pound)000's):
<TABLE>
<CAPTION>
                                                                              June 30,              December 31,
                                                                                2000                    1999
                                                                        -----------------        -----------------
                                                                            (Unaudited)
<S>                                                                     <C>                      <C>
      Goodwill, net of accumulated amortization of
          (UK Pound)23,458 (2000) and (UK Pound)11,928 (1999).......    (UK Pound)322,441        (UK Pound)333,971
      License acquisition costs, net of accumulated amortization
          of (UK Pound)7,214 (2000) and (UK Pound)3,607 (1999)......               28,854                   32,461
      Customer lists, net of accumulated amortization of
          (UK Pound)5,035 (2000) and (UK Pound)1,616 (1999).........               27,287                   30,706
      Other, net of accumulated amortization of (UK Pound)24,008
          (2000) (UK Pound)21,168 (1999)............................               34,355                   37,195
                                                                        -----------------        -----------------
                                                                        (UK Pound)412,937        (UK Pound)434,333
                                                                        =================        =================
</TABLE>

                                       7
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - CONCLUDED
                                   (Unaudited)


     In July 1999, NTL Communications  Corp., a wholly-owned  subsidiary of NTL,
     acquired Cablelink Limited ("Cablelink") for IR (Pound) 535.18 million ((UK
     Pound)  426.5  million).   NTL  Communications   Corp.  accounted  for  the
     acquisition as a purchase. In December 1999, the Company acquired Cablelink
     from NTL  Communications  Corp.  for (UK  Pound)423.6  million in cash. The
     Company  accounted  for the  acquisition  at  historical  cost in a  manner
     consistent  with a transfer  of entities  under  common  control,  which is
     similar  to that used in a "pooling  of  interests."  Accordingly,  the net
     assets and results of  operations  of Cablelink  have been  included in the
     consolidated financial statements from July 1999.

     The pro forma  unaudited  consolidated  results of  operations  for the six
     months ended June 30, 1999 assuming the consummation of the above mentioned
     transaction as of January 1, 1999 is as follows (in (UK Pound)000's):

          Total revenue............................     (UK Pound)66,180
          Net loss.................................              (53,429)

7.   Joint Purchasing Alliance Agreement

     Other assets  includes a deposit of (UK  Pound)32.3  million  which will be
     utilized under a Joint Purchasing  Alliance  Agreement entered into between
     subsidiaries  of the  Company  and  Diamond  Cable  Communications  plc,  a
     subsidiary  of NTL,  for  combined  fixed asset  purchases.  The  Company's
     original deposit was (UK Pound)51.9 million in March 1999.

8.   Related Party Transactions

     Since the Amalgamation,  a subsidiary of NTL Communications  Corp. has been
     providing  management,  financial,  legal  and  technical  services  to the
     Company.  Beginning in the fourth quarter of 1999,  this  subsidiary  began
     charging the Company for these services  using an allocation  formula based
     on  customers.  The  Company  was  charged  (UK  Pound)6.5  million and (UK
     Pound)3.7  million for the six and three months ended June 30, 2000,  which
     is included in selling,  general and administrative expenses and in the due
     to affiliates  balance.  It is not  practicable to determine the amounts of
     these expenses that would have been incurred had the Company operated as an
     unaffiliated  entity.  In the opinion of  management  of the  Company,  the
     allocation method is reasonable.

9.   Contingencies

     The Company is involved in legal  proceedings and claims which arise in the
     ordinary course of its business.  In the opinion of management,  the amount
     of ultimate  liability  with respect to these  actions will not  materially
     affect the  financial  position,  results of operations or liquidity of the
     Company.


                                       8
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000


ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          ---------------------------------------------------------------
          RESULTS OF OPERATIONS
          ---------------------

Overview
--------

NTL (Triangle) LLC (formerly NTL (Bermuda) Limited) (the "Company") is a holding
company which holds all of the shares of various companies  principally  engaged
in  the  development,   construction,  management  and  operation  of  broadband
communications networks for telephone, cable television and Internet services in
the United Kingdom ("UK") and Ireland.  The Company owns the companies that have
franchises for Darlington and Teesside (collectively,  "Teesside") and Cambridge
Holding  Company  Limited   ("Cambridge")  in  the  UK,  and  Cablelink  Limited
("Cablelink"),  which owns the companies that provide services in Dublin, Galway
and Waterford,  Ireland.  The Company  previously  owned a 50% interest in Cable
London PLC ("Cable London") which it sold in November 1999.

Liquidity and Capital Resources
-------------------------------

In November 1995, the Company issued $517.3 million principal amount at maturity
of 11.20% Senior Discount Debentures due 2007 (the "2007 Discount  Debentures").
Interest accretes on the 2007 Discount Debentures at 11.20% per annum compounded
semiannually  from  November  15, 1995 to November  15,  2000,  after which date
interest  will be paid in cash on each May 15 and  November 15 through  November
15, 2007. The 2007 Discount Debentures contain restrictive covenants which limit
the Company's ability to pay dividends.

The  Company  currently  estimates  that  it  will  require   approximately  (UK
Pound)74.3  million  from  July 1,  2000  through  June  30,  2001  for  capital
expenditures and debt service, net of cash from operations.  Management believes
that the (UK  Pound)74.3  million  required will be funded through cash on hand,
debt or  equity  from NTL or its  subsidiaries  and from  the  Joint  Purchasing
Alliance  Agreement  deposit  of (UK  Pound)32.3  million.  Subsidiaries  of the
Company and Diamond Cable  Communications plc, a subsidiary of NTL, entered into
this agreement in 1999 for joint fixed asset purchases. The Company's ability to
meet its  long-term  liquidity  and  capital  requirements  is  contingent  upon
Cambridge,  Teesside and Cablelink's ability to generate positive operating cash
flow, or, if necessary,  to obtain external financing,  although there can be no
assurance  that any such  financing  will be  obtained on  acceptable  terms and
conditions.

Condensed Consolidated Statements of Cash Flows
-----------------------------------------------

Net cash provided by operating activities amounted to (UK Pound)29.2 million and
(UK  Pound)16.9  million  for the six  months  ended  June 30,  2000  and  1999,
respectively.  The increase in net cash provided by operating  activities is due
to the  increase in the  Company's  operating  income  before  depreciation  and
amortization  and  changes  in  working  capital  as a result  of the  timing of
receipts and disbursements.

Net cash used in investing activities amounted to (UK Pound)14.0 million and (UK
Pound)80.1   million  for  the  six  months   ended  June  30,  2000  and  1999,
respectively.  During  the six  months  ended  June 30,  2000,  net cash used in
investing  activities  includes capital  expenditures of (UK Pound)14.1 million.
During the six months ended June 30, 1999, net cash used in investing activities
includes  the Joint  Purchasing  Alliance  Agreement  deposit of (UK  Pound)51.9
million for combined  purchases of fixed  assets by NTL  affiliates  and capital
expenditures of (UK Pound)28.2 million.

Net cash used in  financing  activities  amounted to (UK  Pound)915,000  and (UK
Pound)1.3 million for the six months ended June 30, 2000 and 1999, respectively,
primarily for debt principal payments.

                                       9

<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000

Results of Operations
---------------------

In December 1999,  Cablelink was acquired by the Company from NTL Communications
Corp.  This  transaction  was  accounted  for at  historical  cost  in a  manner
consistent with a transfer of entities under common control, which is similar to
that used in a "pooling of interests." Accordingly, the Company consolidated the
results of operations of Cablelink from July 1999.

Summarized  consolidated  financial  information for the Company for the six and
three  months  ended June 30,  2000 and 1999 is as follows (in  thousands,  "NM"
denotes percentage is not meaningful):

<TABLE>
<CAPTION>
                                                       Six Months Ended
                                                           June 30,                        Increase/(Decrease)
                                                     2000               1999             (UK Pound)          %
                                               ----------------    ----------------   ----------------    ---------
<S>                                            <C>                 <C>                <C>                  <C>
Revenue.....................................   (UK Pound)77,612    (UK Pound)47,480   (UK Pound)30,132       63.5%
Operating, selling, general and
  administrative expenses...................             60,558              36,032             24,526       68.1
Depreciation and amortization...............             40,092              17,527             22,565      128.7
                                               ----------------    ----------------
Operating loss..............................            (23,038)             (6,079)            16,959      279.0
Interest expense............................            (16,977)            (15,536)             1,441        9.3
Investment income...........................                798               2,680             (1,882)     (70.2)
Equity in net loss of affiliate.............                  -              (3,972)            (3,972)    (100.0)
Amalgamation costs..........................                  -                (145)              (145)    (100.0)
Exchange losses and other...................            (22,466)            (13,721)             8,745       63.7
                                               ----------------    ----------------
Loss before income taxes....................            (61,683)            (36,773)            24,910       67.7
Income tax benefit..........................                 75                   -                 75         NM
                                               ----------------    ----------------
Net loss....................................  (UK Pound)(61,608)  (UK Pound)(36,773)  (UK Pound)24,835       67.5%
                                               ================    ================

<CAPTION>
                                                      Three Months Ended
                                                           June 30,                        Increase/(Decrease)
                                                    2000                1999             (UK Pound)          %
                                               ----------------      ---------------- ----------------    ---------
<S>                                            <C>                 <C>                <C>                  <C>
Revenue.....................................   (UK Pound)38,935    (UK Pound)24,291   (UK Pound)14,644       60.3%
Operating, selling, general and
  administrative expenses...................             32,149              18,090             14,059       77.7
Depreciation and amortization...............             23,339               8,777             14,562      165.9
                                               ----------------    ----------------
Operating loss..............................            (16,553)             (2,576)            13,977      542.6
Interest expense............................             (8,840)             (7,890)               950       12.0
Investment income...........................                467                 976               (509)     (52.2)
Equity in net loss of affiliate.............                  -              (1,912)            (1,912)    (100.0)
Exchange losses and other...................            (15,810)             (5,996)             9,814      163.7
                                               ----------------    ----------------
Loss before income taxes....................            (40,736)            (17,398)            23,338      134.1
Income tax provision........................                (71)                  -                (71)        NM
                                               ----------------    ----------------
Net loss....................................  (UK Pound)(40,807)  (UK Pound)(17,398)  (UK Pound)23,409      134.5%
                                               ================    ================
</TABLE>

Substantially  all of the increases in revenues,  operating  expenses,  selling,
general and  administrative  expenses and depreciation and amortization  expense
for the six and three  months  ended  June 30,  2000,  as  compared  to the same
periods  in  1999,  are  attributable  to  the  effects  of the  acquisition  of
Cablelink,  as well as the continued development of the Company's operations and
increased  business  activity  resulting  from  the  growth  in  the  number  of
subscribers  in Cambridge and Teesside.  These trends in operations and business
activity are expected to continue for the foreseeable future.

Interest  expense for the six and three  months ended June 30, 2000 and 1999 was
(UK Pound)17.0 million,  (UK Pound)15.5  million,  (UK Pound)8.8 million and (UK
Pound)7.9 million, respectively, representing increases of (UK Pound)1.4 million
and (UK Pound)950,000, respectively, from 1999 as

                                       10

<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000

compared to the same periods in 2000.  The increases are primarily  attributable
to the compounding of interest on the 2007 Discount Debentures, partially offset
by the payment of the note payable to Comcast U.K.  Holdings,  Inc. in September
1999.

Investment  income for the six and three months ended June 30, 2000 and 1999 was
(UK   Pound)798,000,   (UK  Pound)2.7   million,   (UK   Pound)467,000  and  (UK
Pound)976,000, respectively, representing decreases of (UK Pound)1.9 million and
(UK  Pound)509,000,  respectively,  from 1999 as compared to the same periods in
2000. The decreases are primarily  attributable  to the termination of the loans
to Cable London in November  1999 and to decreases in the average cash  balances
available for investment in 2000 as compared to the same periods in 1999.

Equity in net loss of affiliate for the six and three months ended June 30, 1999
of (UK Pound)4.0 million and (UK Pound)1.9 million,  respectively,  was from the
Company's 50% ownership interest in Cable London.

The Company  incurred  costs of (UK  Pound)145,000  in the first quarter of 1999
associated with the amalgamation with NTL.

Exchange  losses and other for the six and three  months ended June 30, 2000 and
1999 were (UK Pound)22.5 million, (UK Pound)13.7 million, (UK Pound)15.8 million
and (UK Pound)6.0 million, respectively, representing increases of (UK Pound)8.7
million and (UK Pound)9.8  million,  respectively,  from 1999 as compared to the
same  periods  in 2000.  The  increases  primarily  resulted  from the impact of
fluctuations  in the  valuation  of the UK Pound  Sterling on the 2007  Discount
Debentures,  which are  denominated  in US  dollars.  The  Company's  results of
operations will continue to be affected by exchange rate fluctuations.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
--------------------------------------------------------------------------------

Certain statements contained herein constitute  "forward-looking  statements" as
that term is defined under the provisions of the Private  Securities  Litigation
Reform  Act of 1995.  When  used  herein,  the  words  "believe,"  "anticipate,"
"should,"   "intend,"  "plan,"  "will,"  "expects,"   "estimates,"   "projects,"
"positioned,"  "strategy," and similar expressions identify such forward-looking
statements.  Such  forward-looking  statements  involve known and unknown risks,
uncertainties  and other factors that may cause the actual results,  performance
or achievements of the Company, or industry results, to be materially  different
from those contemplated,  projected,  forecasted, estimated or budgeted, whether
expressed or implied, by such forward-looking  statements. Such factors include,
among others: general economic and business conditions, the Company's ability to
continue  to design  networks,  install  facilities,  obtain  and  maintain  any
required  governmental  licenses  or  approvals  and  finance  construction  and
development,  all in a timely  manner at  reasonable  costs and on  satisfactory
terms and conditions,  as well as assumptions about customer  acceptance,  churn
rates,  overall market penetration and competition from providers of alternative
services,  the  impact  of  new  business  opportunities  requiring  significant
up-front investment, and availability, terms and deployment of capital.


                                       11
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000

ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
-------   ----------------------------------------------------------

There have not been any material  changes in the reported market risks since the
end of the most recent fiscal year.

PART II.  OTHER INFORMATION
--------  -----------------

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K
-------   --------------------------------

          (a)  Exhibits:

               27   Financial Data Schedule

          (b)  Reports on Form 8-K:

               No  reports  on Form 8-K were  filed by the  Company  during  the
               quarter ended June 30, 2000.





                                       12
<PAGE>
                       NTL (TRIANGLE) LLC AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JUNE 30, 2000

                                   SIGNATURES

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.


                                          NTL (TRIANGLE) LLC
                                          --------------------------------------
                                          (Registrant)
                                          By:  NTL Group Limited
                                               Its Sole Managing Member



Date: August 10, 2000                     By: /s/ Leigh C. Wood
                                          --------------------------------------
                                           Leigh C. Wood
                                          (Chairman of the Board, Director, and
                                          Principal Executive Officer of NTL
                                          Group Ltd., the sole managing member)
                                          on behalf of registrant



Date: August 10, 2000                     By: /s/ David Kelham
                                          --------------------------------------
                                          David Kelham
                                          (Principal Accounting and Financial
                                          Officer and Director of NTL Group
                                          Ltd., the sole managing member) on
                                          behalf of registrant



                                       13