[Merged] ntl to sell Broadcast Division.
02-12-2004, 11:05
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#1
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Inactive
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NTL To Sell Broadcast Business
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ntl Incorporated announces agreement to sell Broadcast business for GBP 1.27 billion
LONDON, December 2, 2004 - ntl Incorporated (NASDAQ: NTLI) today announced that it has entered into a definitive agreement to sell its broadcast business to a consortium led by Macquarie Communications Infrastructure Group (MCG) and including Macquarie Bank Limited, Industry Funds Management (Nominees) Limited and other third party investors for a purchase price of GBP 1.27 billion. The sale is subject to regulatory approval and is expected to close in the first quarter of 2005. ntl and the broadcast business have also entered into certain agreements relating to the provision of future services.
ntl is currently evaluating alternative uses of the proceeds generated from the sale. These alternatives include a special dividend to shareholders and/or stock repurchases, debt repayment and general corporate purposes. The decision regarding use of proceeds, which will be designed to maximize shareholder value, will be made after the sale is completed, taking into account tax, legal and structural considerations.
Simon Duffy, Chief Executive Officer of ntl, said, "We are very pleased to have agreed the sale of our Broadcast division to MCG on these terms. MCG has been an excellent owner of a similar business we sold to them in Australia in 2002 and I am sure that they will prove to be an equally good owner of our UK Broadcast business. The 2002 transaction has proved to be highly beneficial to both MCG and ntl and I am confident that the transaction we are announcing today will prove to be just as successful for both parties. Going forward, this transaction will enable us to focus on continuing to grow our core cable and broadband businesses."
The broadcast business provides tower site leasing, broadcast transmission, satellite, media, public safety communications and other network services in the UK and the Republic of Ireland. The broadcast business' customers include the leading UK mobile wireless operators, all major commercial television and radio broadcasters and public safety organizations such as the police, fire and ambulance services. The broadcast business has the second largest independent portfolio of wireless towers and sites available for lease in the UK.
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02-12-2004, 12:26
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#2
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NTL tTo be Bought By Australians ?
Am I out of touch -or is this new news being reported by Google
"An Australian-led consortium said it would buy the broadcast business of communications and entertainment group ntl Inc for 1.27 billion pounds (2.46 billion US dollars). "
Mike 
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02-12-2004, 12:28
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#3
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Re: NTL tTo be Bought By Australians ?
"broadcast" is one franchise (in Norfolk I am told). It's not the whole of ntl. 
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02-12-2004, 12:31
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#4
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Re: NTL tTo be Bought By Australians ?
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02-12-2004, 12:51
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#5
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Trollsplatter
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Re: NTL tTo be Bought By Australians ?
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Originally Posted by Paul M
"broadcast" is one franchise (in Norfolk I am told). It's not the whole of ntl. |
Oh buddha ... 
/Me regrets that irony doesn't come across very well in a chatroom ... 
NTL Broadcast is the division of the company that runs TV transmitters and the like. They have been trying to get rid of it for some time.
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02-12-2004, 13:03
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#6
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Re: NTL tTo be Bought By Australians ?
/Slaps Chris for mis-informing him 
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02-12-2004, 13:09
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#7
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Trollsplatter
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Re: [Merged] ntl to sell Broadcast Division.
/ahem:
Quote:
11:47 : [Ignition]: for those who didn't know, ntl have apparently flogged broadcast
11:48 : [Paul M]: broardcast ?
11:48 : [Chris T]: yep, their Norfolk franchise
11:49 : [Paul M]: oh
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No misinformation there.
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02-12-2004, 13:58
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#8
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Re: NTL tTo be Bought By Australians ?
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Originally Posted by Paul M
"broadcast" is one franchise (in Norfolk I am told). It's not the whole of ntl. |
The main Broadcast site is actually in Winchester. There's also Emley Moor and a couple of other sites.
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02-12-2004, 14:06
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#9
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cf.mega poster
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Re: NTL tTo be Bought By Australians ?
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Originally Posted by orangebird
There's also Emley Moor and a couple of other sites.
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Just a few! 
http://www.bbc.co.uk/reception/tv_tr...rs/tv_c5.shtml
(and those are just the Channel 5 ones)
[edit]
Announcement:
http://www.ntlmediasolutions.com/new...ection=topical
..oh and
Quote:
ntl:broadcast †“ infrastructure facts
†¢ 30 satellite antennas
†¢ access to around 100 satellites
†¢ 17,000 miles of national and local fibre optic networks in the UK
†¢ connectivity to London and rest of UK, Ireland and 48 US cities
†¢ 100 terrabytes of capacity on the video archiver at our Broadcast Media Centre
†¢ over 1100 terrestrial transmission sites
†¢ access to national digital data capacity
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taken from:
http://www.ntlmediasolutions.com/World_of_Media_Bro.pdf
...a bit bigger than Norfolk
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02-12-2004, 14:16
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#10
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Re: [Merged] ntl to sell Broadcast Division.
And countless other non-TV masts, like St Hilary Down
Try the mx21 site for full details
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02-12-2004, 14:22
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#11
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Re: NTL tTo be Bought By Australians ?
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Originally Posted by altis
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I meant offices... I know how many sites there are, I have worked here for 6 years....
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02-12-2004, 14:35
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#12
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cf.mega poster
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Re: [Merged] ntl to sell Broadcast Division.
Some pics of Emley Moor here:
http://www.nosox.org/b3ta/mast/
(I like 'bloody students' best)
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02-12-2004, 14:38
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#13
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Guest
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Re: [Merged] ntl to sell Broadcast Division.
Pay attention. In Norfolk they have expanses of water. They're called Broads. Thumbs up to Chris T! Still fascinating to know where all these masts are. Isn't it?!
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02-12-2004, 14:54
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#14
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Trollsplatter
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Re: [Merged] ntl to sell Broadcast Division.
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Originally Posted by andyl
Pay attention. In Norfolk they have expanses of water. They're called Broads. Thumbs up to Chris T! Still fascinating to know where all these masts are. Isn't it?!
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Oh saints preserve us. Thank you, andyl.
I'm now off to find a planet that shares my obviously unique sense of humour.
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02-12-2004, 15:22
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#15
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Permanently Banned
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Re: NTL tTo be Bought By Australians ?
Quote:
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Originally Posted by Paul M
"broadcast" is one franchise (in Norfolk I am told). It's not the whole of ntl. |
 
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