Home News Forum Articles
  Your number one Virgin Media Cable, Computer & Internet Resource - Welcome back on Join Join
You are here You are here: Home | News Articles

Telewest shareholders to approve companies financial restructure

# May 21, 03:58 PM by Cable Forum

Shareholders have approved plans for a debt-for-equity swap, which will leave shareholders with just 1.5% of the company which recently installed its 500,000th Broadband customer.

Telewest still needs to secure final approvement from bondholders and the courts before a new company can be created under the move called ‘Telewest Global’.

New share dealings for the new formed company are expected to commence around mid-July.

Forum Search