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Originally Posted by paul11974
why pay 1bn for a company if you have no money ? why not just purchase telewest and rebrand ?
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Because Ntl cant help themselves when it comes to swallowing other companies.
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Originally Posted by paul11974
ntl / telewest / whoever they are will have to pay 0.25% royalties on its revenue for three decades - with a minimum annual payment of £8.5m - to Virgin Enterprises for the use of the brand name created by Sir Richard.
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What's that got to do with them having cash to splash about?
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Originally Posted by paul11974
of course they have money  |
Whatever made you think that, have you forgotten they only just missed becoming bankrupt?
This is OT but Ntl swapped shares with Dicky Branson for Virgin mobile, he now owns 12.5% (or whatever) on the combined Ntl/Telewest/Virgin company AIUI hardly any money was spend.
Ntl are skint. Why do you think they're not expanding by building extensions to their network?
This is all academic anyway. If Ntl are selling BB/Phone line/Calls for less than it costs them to provide then they'll go bust anyway regardless of weather they have cash spare or not.
If you're really interested I'm sure there's a thread knocking about with the details of the merger/acquisition with info from Frank/Neil on exactly how much money and shares were involved.
Edit - Can't find that post bu here's another:
http://www.cableforum.co.uk/board/sh...&postcount=124
Edit #2 - Even Bill C states there's no moey for repairs:
http://www.cableforum.co.uk/board/sh...&postcount=119