Quote:
|
Originally Posted by harmonyinfo
Does NTL still have a debt that needs to be paid off? Or was that written off when it came out of chapter 11. If it still has a debt, how big is it and what timescales does it look like it will actually be a truly profitable company with no outstanding debts?
|
Just found a page on the NTL site
here that lists the current debt at $6.5Bn.
I know lots of companies (and countries) get big debts and it doesn't seem to matter. But if NTL are not making an actual operating profit (at least I didn't see one in the Q3 results), how are they ever going to pay off the debt? Or doesn't it matter as it is covered by company assets or something?
Jim