You will be redirected back to your article in seconds

France telecom tops NTL bidders

$1.46 bil bid understood to be less than other suitors

LONDON — France Telecom has emerged as one of three bidders for troubled U.K. cabler NTL’s broadcast transmission business.

The reported £1 billion ($1.46 billion) bid is understood to be less than those of NTL’s other suitors.

The French telco, which owns 24% of NTL, carries debt of $60 billion, limiting what it can offer. The other bids are said to contain a greater cash element.

NTL — burdened with $16 billion of its own debt — is believed to be seeking $2.3 billion for the transmission business, which consists of 2,100 towers that broadcast commercial terrestrial TV across Britain. NTL is selling the business to help alleviate market fears that it is not fully funded until its projected break-even point in 2003.

More Biz

  • get out Oscar Race

    'Get Out' Awards Category Dilemma: Film Defies Easy Labels, Cast Says

    LONDON — France Telecom has emerged as one of three bidders for troubled U.K. cabler NTL’s broadcast transmission business. The reported £1 billion ($1.46 billion) bid is understood to be less than those of NTL’s other suitors. The French telco, which owns 24% of NTL, carries debt of $60 billion, limiting what it can offer. […]

  • David Hoberman and Todd Lieberman Mandeville

    Media Access Awards Honor Hollywood for Depicting People With Disabilities

    LONDON — France Telecom has emerged as one of three bidders for troubled U.K. cabler NTL’s broadcast transmission business. The reported £1 billion ($1.46 billion) bid is understood to be less than those of NTL’s other suitors. The French telco, which owns 24% of NTL, carries debt of $60 billion, limiting what it can offer. […]

  • This, photo shows the 21st Century

    Sony Pictures Joins 21st Century Fox Hunt as Deal Talk Spreads Across Biz

    LONDON — France Telecom has emerged as one of three bidders for troubled U.K. cabler NTL’s broadcast transmission business. The reported £1 billion ($1.46 billion) bid is understood to be less than those of NTL’s other suitors. The French telco, which owns 24% of NTL, carries debt of $60 billion, limiting what it can offer. […]

  • India’s PVR Buys Stake in iPic

    India’s PVR Buys Stake in iPic U.S. Luxury Theater Chain

    LONDON — France Telecom has emerged as one of three bidders for troubled U.K. cabler NTL’s broadcast transmission business. The reported £1 billion ($1.46 billion) bid is understood to be less than those of NTL’s other suitors. The French telco, which owns 24% of NTL, carries debt of $60 billion, limiting what it can offer. […]

  • Fusion Media Group

    Univision Seeking to Sell Minority Stake in Fusion Media Group

    LONDON — France Telecom has emerged as one of three bidders for troubled U.K. cabler NTL’s broadcast transmission business. The reported £1 billion ($1.46 billion) bid is understood to be less than those of NTL’s other suitors. The French telco, which owns 24% of NTL, carries debt of $60 billion, limiting what it can offer. […]

  • Brett Ratner

    Brett Ratner Steps Down From Simon Wiesenthal Center Board Amid Sexual Misconduct Claims

    LONDON — France Telecom has emerged as one of three bidders for troubled U.K. cabler NTL’s broadcast transmission business. The reported £1 billion ($1.46 billion) bid is understood to be less than those of NTL’s other suitors. The French telco, which owns 24% of NTL, carries debt of $60 billion, limiting what it can offer. […]

More From Our Brands

Access exclusive content