Telewest and NTL head towards £5.5 billion merger
The Sunday Times has the news that NTL and Telewest are getting closer to merging. The £5.5 billion merger will move a step closer this week when Telewest meet with investment banks in New York.
What effect a merger will have for the cable TV, telephone and broadband customers of the two services is unclear. The effect may actually be more noticeable for NTL and Telewests main competitors, in short BSkyB and BT.