Liberty Media, the investment vehicle of US cable pioneer John Malone, is eyeing an investment in NTL, Britain’s debt-laden cable-TV operator.

Liberty insiders claim the group is examining ways of investing that would give it significant influence in the capital make-up of New York-listed NTL and a say in its debt restructuring [WAMN: 01-Feb-02].

Malone’s firm was one of several potential partners mentioned last month [WAMN: 18-Jan-02] and may face competition from the likes of AOL Time Warner, limiting Liberty’s ability to impose the conditions of an investment. An agreement would also require the backing of NTL’s creditors.

However, crippled by a $17 billion debt burden, NTL certainly needs the cash.

Data sourced from: Financial Times; additional content by WARC staff