10 May 2005
Fresh reports have suggested that the complete consolidation of the UK's cable network is growing ever more imminent as digital TV operators Telewest and NTL head closer towards a merger.
Preparations for the estimated £5.5 billion merger between the two suppliers are known to be in progress after board members at Telewest gave their backing to a potential deal.
NTL is also understood to have asked Goldman Sachs to advise it on the merger.
Industry insiders are predicting the deal between the two companies will generate immediate savings, as NTL and Telewest operate different franchises and do not overlap geographically.
Experts have also suggested that a merged company could have around 4.9 million subscribers and have the resources to compete against BSkyB, which has in the region of 7.7 million pay-television subscribers.
Get the best deal and save money comparing digital TV suppliers and packages at uSwitch.com.
© 2008 Adfero Ltd
Content for the uSwitch.com market news service is provided by a third party, Adfero Ltd. Whilst uSwitch.com makes reasonable efforts to check the reliability of this content, uSwitch.com does not guarantee the accuracy thereof or endorse the views or opinions given by Adfero Ltd, unless expressly stated otherwise.