Cable firms set for merger - report

Cable companies NTL and Telewest are set to announce plans for a £6.8bn (€10bn) merger by the end of the summer, it was reported today.

Sun, 03 Jul, 2005 - 15:52

Cable companies NTL and Telewest are set to announce plans for a £6.8bn (€10bn) merger by the end of the summer, it was reported today.

It is understood that NTL will make a cash and shares offer for Telewest before the summer is out, and possibly as soon as the end of this month.

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