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Old 04-02-2005, 10:31   #14
Paul
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Re: ntl plans £475m share buy back

Quote:
Originally Posted by Chrysalis
in practice this may be good but I dont agree with a 500million outlay when they are sacking people everywhere and announcing repairs wont be done out of hours.
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.

The money involved in the repairs / overtime saga is a mere fraction of a percent of the above amounts and there is no real connection between them (I'm sure the explanation for the cutbacks was given elsewhere - as an accounting type cockup).
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