07-11-2005, 17:35
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#1
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Inactive
Join Date: Jun 2003
Services: Cablevision
Posts: 8,305
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APAX enters NTL deal
APAX partners is considering throwing its hat into the ring to by the newly merged NTL/Telewest by joining a consortium of private equity groups offering around £7Bn.
http://www.forbes.com/markets/feeds/...fx2320606.html
Meanwhile, buyout group Apax Partners is looking to join a consortium lining up a 7 bln stg-plus bid for merged NTL/Telewest Group, according to the Sunday Express.
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07-11-2005, 18:20
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#2
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Inactive
Join Date: Jun 2003
Location: Various
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Re: APAX enters NTL deal
These people also own stakes in Kabel Deutschland and Inmarsat, so it might not be a bad thing... Got to be better than Bill Huff!
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13-11-2005, 14:57
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#3
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Inactive
Join Date: Feb 2005
Services: VM BB & TiVo
Posts: 130
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Re: APAX enters NTL deal
Am I alonw in thinking the involvement of 'financial' backers is the thin endof the wedge? They're only in it for the profit margin, ans have no expertise in the industry. It's a diloution of interest, and for me is a worrying trend as it means the firm is ineffectively run by the lowest-tender subsontractor, leaving those that pay for it all - the customer - with a low quality service.
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13-11-2005, 17:16
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#4
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Inactive
Join Date: Jun 2003
Location: This Planet
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Re: APAX enters NTL deal
Quote:
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Originally Posted by Okonski
Am I alonw in thinking the involvement of 'financial' backers is the thin endof the wedge? They're only in it for the profit margin, ans have no expertise in the industry. It's a diloution of interest, and for me is a worrying trend as it means the firm is ineffectively run by the lowest-tender subsontractor, leaving those that pay for it all - the customer - with a low quality service.
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ntl has been run by "financial backers" since they came out of chapter 11 bankrupcy protection. Running maintanance and costs have been cut to the bone to meet targets set by these people.
I dont see any difference with the merged company, if anything both companies will be able to reduce costs as they pool resouces and shed further jobs in the future to meet targets.
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13-11-2005, 21:29
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#5
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Inactive
Join Date: Nov 2003
Location: Surrey
Posts: 1,356
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Re: APAX enters NTL deal
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Originally Posted by Okonski
Am I alonw in thinking the involvement of 'financial' backers is the thin endof the wedge? They're only in it for the profit margin, ans have no expertise in the industry. It's a diloution of interest, and for me is a worrying trend as it means the firm is ineffectively run by the lowest-tender subsontractor, leaving those that pay for it all - the customer - with a low quality service.
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Sounds just like NTL then !
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14-11-2005, 13:32
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#6
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Inactive
Join Date: Feb 2005
Services: VM BB & TiVo
Posts: 130
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Re: APAX enters NTL deal
Which in essence means customer service will never get any better than it was pre Chapter 11. Jeez, what a depressing thought.
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