You will be redirected back to your article in seconds

Telewest posts improving results

U.K. cabler's share price gains 12%

LONDON — U.K. cable operator Telewest has posted better-than-anticipated results for the first half of 2001, despite a widened loss of £416 million ($597 million), up 41% on the same period the previous year.

Sales were up 24% to $927 million. Profits before interest, tax, depreciation and amortization were $203 million, up 16%.

Telewest said it signed up an additional 32,000 digital TV subscribers in the second quarter of the year, bringing its tally of digital subs to 564,000, or 53% of a total 1.3 million TV customers.

Broadband subs increased 13,000 in the second quarter to 38,000. Telewest also said average sales per customer for the half year were up 4% to $56 per month.

The news boosted the cabler’s share price by 12%.

Telewest is Britain’s no. 2 cabler after NTL. Like NTL, Telewest recently saw its already languishing share price hit hard by concerns over the company’s debt, now at $4.8 billion.

Telewest stressed that it was on target to break even in 2004 and that it would require no additional funding.

More Biz

  • Roy Price

    Harvey Weinstein Fallout: Entertainment Figures Accused of Sexual Harassment

    LONDON — U.K. cable operator Telewest has posted better-than-anticipated results for the first half of 2001, despite a widened loss of £416 million ($597 million), up 41% on the same period the previous year. Sales were up 24% to $927 million. Profits before interest, tax, depreciation and amortization were $203 million, up 16%. Telewest said […]

  • Harvey Weinstein

    Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy (EXCLUSIVE)

    LONDON — U.K. cable operator Telewest has posted better-than-anticipated results for the first half of 2001, despite a widened loss of £416 million ($597 million), up 41% on the same period the previous year. Sales were up 24% to $927 million. Profits before interest, tax, depreciation and amortization were $203 million, up 16%. Telewest said […]

  • Mark Baker Warner Music Group

    Warner Music Group Names Mark Baker VP of Public Policy & Government Affairs

    LONDON — U.K. cable operator Telewest has posted better-than-anticipated results for the first half of 2001, despite a widened loss of £416 million ($597 million), up 41% on the same period the previous year. Sales were up 24% to $927 million. Profits before interest, tax, depreciation and amortization were $203 million, up 16%. Telewest said […]

  • Lupita Nyong'o Harvey Weinstein

    Lupita Nyong'o Details Harvey Weinstein's Advances Toward Her in Op-Ed: 'I Felt Unsafe'

    LONDON — U.K. cable operator Telewest has posted better-than-anticipated results for the first half of 2001, despite a widened loss of £416 million ($597 million), up 41% on the same period the previous year. Sales were up 24% to $927 million. Profits before interest, tax, depreciation and amortization were $203 million, up 16%. Telewest said […]

  • David Blaine Rape

    David Blaine Accused of Rape by Former Model

    LONDON — U.K. cable operator Telewest has posted better-than-anticipated results for the first half of 2001, despite a widened loss of £416 million ($597 million), up 41% on the same period the previous year. Sales were up 24% to $927 million. Profits before interest, tax, depreciation and amortization were $203 million, up 16%. Telewest said […]

  • Harvey Weinstein Quentin Tarantino

    Quentin Tarantino on Harvey Weinstein: 'I Knew Enough to Do More Than I Did'

    LONDON — U.K. cable operator Telewest has posted better-than-anticipated results for the first half of 2001, despite a widened loss of £416 million ($597 million), up 41% on the same period the previous year. Sales were up 24% to $927 million. Profits before interest, tax, depreciation and amortization were $203 million, up 16%. Telewest said […]

  • Harvey Weinstein

    LAPD Investigating Rape Claim Against Harvey Weinstein

    LONDON — U.K. cable operator Telewest has posted better-than-anticipated results for the first half of 2001, despite a widened loss of £416 million ($597 million), up 41% on the same period the previous year. Sales were up 24% to $927 million. Profits before interest, tax, depreciation and amortization were $203 million, up 16%. Telewest said […]

More From Our Brands

Access exclusive content