NTL on course to leave bankruptcy protection

Cable operator NTL said it was on course to come out of Chapter 11 bankruptcy protection this month as its financial shake-up nears completion.

NTL on course to leave bankruptcy protection
Thu, 14 Nov, 2002 - 13:56

Cable operator NTL said it was on course to come out of Chapter 11 bankruptcy protection this month as its financial shake-up nears completion.

The US parent of NTL filed for Chapter 11 earlier this year after mounting debts of £12bn (€18.9bn) forced it to carry out the life-saving refinancing.

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