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Pierre · 19-07-2004, 15:36

It is a bit like selling the family silver. It's a good solid business and it does make money but not a vast amount.

They have been gearing up for this since before they went into Chapter 11 when they were desperate to raise some cash. They were only offered around 500m at the time, but they wouldn't sell it cheap.

All broadcast personell are on different contracts and T&Cs to the rest of the company, the broadcast arm although under the ntl banner is now a completely seperate entity financially and will soon be listed seperatley on the exchange. This will help the sale.

This may cause some problems in the future. The ntl Core Network runs through a lot of Broadcast sites and the Core Network is maintained by broadcast engineers. Hurdles that can be overcome with wayleaves and contracts.

It will be a shame when it goes as it gave ntl an edge over other communications companies.

19-07-2004, 15:36	#9
Pierre Permanently Banned Join Date: Dec 2003 Location: floating in the ether Posts: 13,331	Re: Blimey.... It is a bit like selling the family silver. It's a good solid business and it does make money but not a vast amount. They have been gearing up for this since before they went into Chapter 11 when they were desperate to raise some cash. They were only offered around 500m at the time, but they wouldn't sell it cheap. All broadcast personell are on different contracts and T&Cs to the rest of the company, the broadcast arm although under the ntl banner is now a completely seperate entity financially and will soon be listed seperatley on the exchange. This will help the sale. This may cause some problems in the future. The ntl Core Network runs through a lot of Broadcast sites and the Core Network is maintained by broadcast engineers. Hurdles that can be overcome with wayleaves and contracts. It will be a shame when it goes as it gave ntl an edge over other communications companies.