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PS: I'm not certain what the current situation is with the BT systems that ntl bought about 5 years ago, I know they were a headache and it wouldn't suprise me if they wanted to offload them as well.
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Probably.
Selling Broadcast and now ntl:Eire. it would appear to be that ntl are boosting their balance sheet. This is generally done when wanting to chase investment or to sell the company. I don't believe the current board want to sell so I can only assume that a healthy balance sheet is required for the merger with Telewest, once the companies merge and they have a heathly amount of cash in the bank they can then attract investment into the new company.
Also, ntl have scrapped something in the region of 100 projects that were planned or ongoing for 2005. Again not spending money to boost the balance sheet.