Word: telewest
(lookup in dictionary)
(lookup stats)
Dates: during 2002-2002
Sort By: most recent first
(reverse)
...need only glance at the recent business headlines to see the hurdles Malone, now chairman of Liberty Media, faces. In Britain the premium over-the-air service ITV Digital recently shut down, and each of the country's two big remaining cable companies, Telewest (in which Liberty holds a 25% stake) and NTL, is saddled with billions of dollars in debt. NTL bondholders rebuffed Malone earlier this year, and if he continues to be shut out of Britain, "there will be a serious piece missing" from his master plan, notes Gary Klesch, a London-based media investor and former Malone...
...needed funds to gain effective control over United GlobalCom, the leading international broadband provider, which has nearly 10 million cable subscribers scattered across the Netherlands, Germany, Austria, France, Scandinavia and Eastern Europe. And although he has been stiff-armed so far, Malone watchers believe he may end up combining Telewest (whose bonds he is trying to buy up) with NTL to form one British cable provider, with 4.7 million subscribers, that could compete with Rupert Murdoch's popular British Sky Broadcasting (BSkyB) satellite-TV service. Lately Malone has been making a play for NTL's Swiss cable subsidiary, Cablecom...
| 1 |