A merger between Britain's two major cable-TV operators NTL and Telewest has been ruled out for the time being by the latter's ceo Adam Singer.
The possibility of a combination between the two has been the subject of much speculation, with the latest rumours involving John Malone, chairman of Liberty Media (one of the Telewest's shareholders), planning to acquire and merge the duo [WAMN: 14-Feb-02].
However, Singer declared that the two firms’ heavy debt burdens ruled out any such move. “In the long term, of course there has to be scale advantages [from a merger with NTL]. Does it makes sense at the moment with both companies' balance sheets as they currently are? Probably not.”
Data sourced from: BrandRepublic (UK); additional content by WARC staff