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-   -   ntl plans £475m share buy back (https://www.cableforum.uk/board/showthread.php?t=23551)

Chrysalis 04-02-2005 12:23
Re: ntl plans £475m share buy back
 
ahaa I see now so its like this?

NTL pay COBI to do out of hours maintenance upgrades etc.
COBI got paid up front for this work.
COBI underbilled NTL for this work.
COBI have now had to cut back because of this mistake.
NTL have spent money on other things that would have been spent on COBI if they were not underbilled.

Is this accurate?

Stuart 04-02-2005 12:34
Re: ntl plans £475m share buy back
 
Quote:
Originally Posted by Chrysalis
ahaa I see now so its like this?

NTL pay COBI to do out of hours maintenance upgrades etc.
COBI got paid up front for this work.
COBI underbilled NTL for this work.
COBI have now had to cut back because of this mistake.
NTL have spent money on other things that would have been spent on COBI if they were not underbilled.

Is this accurate?

It is, assuming the source Russ quoted is correct, and I understood the post correctly.

bob_builder 04-02-2005 12:54
Re: ntl plans £475m share buy back
 
Quote:
Originally Posted by Paul M
The two are unrelated. The money to do this is coming from the 1.2 billion or so that they got for selling "broadcast". This obviously leaves over 700 million that could be used for other stuff if they wanted.
They will probably use it to pay off any debts they still have.

Maggy 04-02-2005 20:48
Re: ntl plans £475m share buy back
 
Quote:
Originally Posted by bob_builder
They will probably use it to pay off any debts they still have.

Reading this I was moved to look up something I remember about Eurotunnel sorting out it debts by just refusing to pay them back.However what I found when I did a search in the BBC online news database made me wonder who was cribbing off who.

It's rather frightening just how some business's and business men can get away with things because they are such good blaggers.

Al Fayed springs to mind in that context! :D


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