ntl confident as operating losses fall

Cable operator ntl today said it had seen continued growth in customers and revenue as it posted an 86% narrowing in quarterly operating losses.

The New York-listed group said its ntl:Home cable division in the UK had increased customer numbers by about 60,500 to nearly three million during the second quarter, above the level needed to achieve its target of 50% market share by 2008. Total revenues rose 6% to £584.4m (€886m).