How Much Debt Are NTL In?
05-10-2004, 15:09
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#1
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Inactive
Join Date: Aug 2004
Posts: 102
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How Much Debt Are NTL In?
Last time i read was quiet a while ago, and it was 2 or 20million i think, anyone of you know please? (£)
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05-10-2004, 15:23
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#2
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Inactive
Join Date: Jun 2003
Location: Hampshire
Services: Yeah Baby! ;)
Posts: 5,684
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Re: How Much Debt Are NTL In?
Quote:
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Originally Posted by MysticKiller
Last time i read was quiet a while ago, and it was 2 or 20million i think, anyone of you know please? (£)
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It's never been that low...
After refinancing, ntls debt went down to $6bn....I wouldn't have thought it'd changed too much since then.
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05-10-2004, 15:36
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#3
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Permanently Banned
Join Date: Dec 2003
Location: floating in the ether
Posts: 13,331
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Re: How Much Debt Are NTL In?
I think the last results reported that they made a net loss of £564,00 0,000 in Q3 2204.
£5.64 billion
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05-10-2004, 16:00
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#4
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Inactive
Join Date: Jun 2003
Location: Los Angeles, CA
Age: 46
Posts: 6,343
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Re: How Much Debt Are NTL In?
£3bn but hoping to cut it to £1.8bn:
http://www.cableforum.co.uk/article/...flog-tv-towers
Don't you ever visit our front page? 
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05-10-2004, 16:02
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#5
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Inactive
Join Date: Jun 2003
Services: Cablevision
Posts: 8,305
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Re: How Much Debt Are NTL In?
http://www.ntl.com/locales/gb/en/inv...cials/debt.asp
£3bn plus change.
http://www.ntl.com/locales/gb/en/inv...rts/2004-2.pdf
Refinancing
In April 2004, ntl issued £811 million equivalent of new senior notes and entered into a new £2.425 billion senior credit facility, including a £250 million revolving facility which is currently undrawn. Proceeds from the senior note offering, in conjunction with cash on hand and the funding under the new credit facility were used to repay in full the previous senior credit facility and to redeem the outstanding ntl Triangle debentures due 2007 and the Diamond Holdings notes due 2008. As a result of the repayment of ntlââ‚Âà ‚¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚¢s previous debt prior to its scheduled maturity, mainly non-cash costs of £162.3 million ($290.1 million) were written off during the second quarter of 2004.
General syndication of the senior credit facility was completed during the second quarter.
During Q2 2004, hedging for exchange risk on the dollar denominated bonds was increased to 75 per cent of the principal value of the senior notes, for five years from issue date. The coupon payments were previously hedged. During the quarter £1.2 billion of floating rate debt was fixed for a period of three years ending April 14, 2007, following which, approximately two thirds of the total outstanding debt is now at a fixed rate.
Edit damn 2 mins too late, should have visited the front page, not ntl investor relations.
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05-10-2004, 16:08
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#6
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Inactive
Join Date: Aug 2004
Posts: 102
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Re: How Much Debt Are NTL In?
WTF!!! How the heck do they get in such high debt?!?! Do they give away free TV, internet and not charge for phone calls or something?
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05-10-2004, 16:10
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#7
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Inactive
Join Date: Jun 2003
Services: Cablevision
Posts: 8,305
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Re: How Much Debt Are NTL In?
And give lots of money to navvies to dig up the streets (badly) don't forget.
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05-10-2004, 16:13
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#8
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Inactive
Join Date: Jun 2003
Location: Hampshire
Services: Yeah Baby! ;)
Posts: 5,684
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Re: How Much Debt Are NTL In?
Quote:
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Originally Posted by MysticKiller
WTF!!! How the heck do they get in such high debt?!?! Do they give away free TV, internet and not charge for phone calls or something?
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They borrowed spent an awful lot of money buying companies up in the late 90's, only for the telecoms market to suffer a major down turn.
Yes, they did also give away free dial up internet for ages... 
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05-10-2004, 16:14
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#9
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Inactive
Join Date: Mar 2004
Posts: 15
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Re: How Much Debt Are NTL In?
well its better than the £11 billion debt they had before they went in chapter 11.
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05-10-2004, 16:20
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#10
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Inactive
Join Date: Aug 2004
Posts: 102
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Re: How Much Debt Are NTL In?
Hmm, dont any of you think NTL would close down soon? Look how much free internet they're giving away too, like 60 days and stuff like that?
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05-10-2004, 16:26
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#11
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Inactive
Join Date: Jun 2003
Location: Hampshire
Services: Yeah Baby! ;)
Posts: 5,684
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Re: How Much Debt Are NTL In?
Quote:
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Originally Posted by MysticKiller
Hmm, dont any of you think NTL would close down soon? Look how much free internet they're giving away too, like 60 days and stuff like that?
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TBH, if a house is already cabled, giving away services for trial periods doesn't cost that much....
No, they won't close down - too many assets (customer base, network etc).
They might merge with Telewest though. 
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05-10-2004, 16:26
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#12
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cf.mega poster
Join Date: Nov 2003
Location: Reading
Age: 41
Services: Virgin Media Broadband Size M
Posts: 6,546
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Re: How Much Debt Are NTL In?
didn't ntl make an operating profit in the last financial year? first time since chapter 11 IIRC?
I am 100% sure that ntl will not close down soon.
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05-10-2004, 16:31
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#13
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Inactive
Join Date: Aug 2004
Posts: 102
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Re: How Much Debt Are NTL In?
grrrr, i wish they would, that way i can get ADSL!! (gotta love that 256k upload at a reasonable price)
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05-10-2004, 16:33
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#14
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Permanently Banned
Join Date: Dec 2003
Location: floating in the ether
Posts: 13,331
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Re: How Much Debt Are NTL In?
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Originally Posted by monkeybreath
didn't ntl make an operating profit in the last financial year? first time since chapter 11 IIRC?
I am 100% sure that ntl will not close down soon.
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"operating Profit" yes.
Which shows the company is now being run leaner than ever. The main reason for this "operating profit" is a reduction in overheads and maintenance costs.
Expect more cuts
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05-10-2004, 16:39
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#15
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Inactive
Join Date: Jun 2003
Location: M20, Manchester
Age: 38
Services: VM Phone, TV and 20mb Broadband
Posts: 521
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Re: How Much Debt Are NTL In?
Quote:
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Originally Posted by MysticKiller
Hmm, dont any of you think NTL would close down soon? Look how much free internet they're giving away too, like 60 days and stuff like that?
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ntl make plenty of money from these deals. like the BOGOF (i.e. free dtv with talk unlimited 24). when they bundle, install costs dramatically go down, then it only takes 11-13 months to pay off the install costs incured! that's why dtv is bundled with dtv. because by itself dtv takes over 40 months to pay for install and equipment costs!! but with phone line, it takes only 12 months!
ntl make plently of money! (60% profit margin on dtv services! - non premium)
just, it costs a lot to run everything and pay off debt interest.
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