NTL Again Postpones Publication of UK Trading Results

14 March 2002

NTL, the debt beset US-owned cable operator whose business is mainly based the UK, on Wednesday postponed for the second time the intended date for publication of its 2001 full-year accounts.

Only last week managing director Stephen Carter assured that the data would be released this week. But yesterday the company revealed that the date has again been put back – this time to March 27.

The delays in revealing the vital numbers take place against a background of frenzied hypothesis in the media and moolah hothouses about the group’s future. Meantime, protracted negations continue with bankers and others about the restructuring of NTL’s £12 billion ($17.01bn; €19.32bn) debt millstone.

Data sourced from: BrandRepublic (UK); additional content by WARC staff