ntl Ireland sold for €325m

ntl today announced that it has completed the sale of its telecommunications operations in the Republic of Ireland to MS Irish Cable Holdings, an affiliate of Morgan Stanley, for €325m.

Simon Duffy, chief executive officer of ntl, said: "We are very pleased to have sold our division in the Republic of Ireland on these terms. This transaction reinforces our commitment to maintaining a clear focus on growing and improving our UK communications and content distribution businesses.