8 August 2006
Digital television provider ntl:Telewest has announced that it is on track to make its stated cost savings.
Announcing its second quarter results for 2006, the company stated that its planned cost savings since the merger between ntl and Telewest are progressing well.
This is the first full quarter since the two companies merged and shows strong operating income and consumer revenue growth.
"We are delighted with today's strong operational and financial results. They show continued evidence of improvements in our consumer business," commented Steve Burch, chief executive of ntl.
He added: "The launch of quad-play and Free TV bundles will provide more opportunities to offer our consumers unbeatable value and service, whatever their communication and entertainment needs."
The merger between the two companies has also produced around £15 million in savings through synergies, the company report reveals.
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