UK cable TV operator NTL acquires Telewest

October 5, 2005 

United Kingdom cable TV operator NTL has agreed to buy Telewest Broadband for $6 billion USD (3.4 billion pounds). NTL’s and Telewest’s service territories do currently overlap. The acquisition is expected to save the companies 1.5 billion pounds. 
NTL has agreed to pay $23.93 for each Telewest share, in cash and NTL stock. Current Telewest shareholders will own approximately 25 percent of the combined company. While both companies operate exclusively in the UK, they are listed in New York on the U.S. NASDAQ exchange. 
Once the acquisition is complete, the combined company will have 5 million customers in the UK . Competitor British Sky Broadcasting (BSkyB) has almost 8 million. The combined company will also be the second-largest residential telephone company in Britain behind BT Group plc.
UK cable TV operator NTL acquires Telewest October 5 , 2005 United Kingdom cable TV operator NTL has agreed to buy Telewest Broadband for $ 6 billion USD ( 3.4 billion pounds ) . NTL ’s and Telewest ’s service territories do currently overlap . The acquisition is expected to save the companies 1.5 billion pounds . NTL has agreed to pay $ 23.93 for each Telewest share , in cash and NTL stock . Current Telewest shareholders will own approximately 25 percent of the combined company . While both companies operate exclusively in the UK , they are listed in New York on the U.S. NASDAQ exchange . Once the acquisition is complete , the combined company will have 5 million customers in the UK . Competitor British Sky Broadcasting ( BSkyB ) has almost 8 million . The combined company will also be the second - largest residential telephone company in Britain behind BT Group plc .
UK cable TV operator NTL
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Telewest
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United Kingdom cable TV operator NTL
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Telewest Broadband
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$6 billion USD
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3.4 billion pounds
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NTL
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service territories
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The acquisition
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the companies
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1.5 billion pounds
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NTL
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each Telewest share
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cash
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NTL stock
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Current Telewest shareholders
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approximately 25 percent
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the combined company
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both companies
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the UK
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they
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New York
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the U.S. NASDAQ exchange
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the acquisition
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the combined company
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5 million customers
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the UK
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Competitor
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British Sky Broadcasting
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BSkyB
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The combined company
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the second-largest residential telephone company
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Britain
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BT Group plc
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the U.S.
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