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Originally Posted by Pierre
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.
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Yes I had heard a lot of projects had been scrapped, including some that were put on hold and considered fairly urgent a few years ago. The ups project and transponders for nodes went very quiet before I left, also the proposed "flexi" lead replacement project. The company supplying the flexi-leads for the connection between amplifiers and hardline coax screwed up big time. The assembly had a heatshrink over the connector, and it was found that many of them had been heatshrunk without the connector being torqued together. A fair number of return path ingress was traced to this problem, and the supplier re-supplied ntl with a complete set (thousands) and I think some compensation towards labour for replacement.
I guess those items are still in one of the stores somewhere, it was proposed that they were replaced when the ups and transponder project was planneed to be done.
I did also hear that a launch amplier project for headends and hubsites in one area has been scrapped as well, so it does look like they are watching the pennies.