NTL flogs Irish cableco
NTL has flogged its cable business in Ireland, fuelling speculation that it is clearing the table to begin merger talks with Telewest.
Yesterday evening the cableco announced it had sold its Irish business to UnitedGlobalCom for â‚ ¬325m (£222m) . MS Irish Cable Holdings, a subsidiary of Morgan Stanley, will hold the stake on UGC's behalf, until the deal gets regulatory clearance.
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http://www.theregister.co.uk/2005/05...reland_to_ugc/