NTL to reveal debt refinancing plans

Cable operator NTL is this week expected to announce how it plans to refinance debts of around £12bn.

Cable operator NTL is this week expected to announce how it plans to refinance debts of around Stg £12bn (€19.6bn).

The group, based in Hook, Hampshire, saw debts mount up following a rapid expansion programme in which it picked up franchises and customers, as well as cable networks and infrastructure.