NTL restructuring nears end

Cabler cleared to emerge from Chapter 11

LONDON — U.K. cabler NTL has been given the green light to emerge from bankrupcy protection and complete restructuring its £12 billion ($18.8 billion) in debt by the United States Bankruptcy Court in New York.

NTL, Britain’s biggest cable operator with 2.8 million subscribers, is expected to finish restructuring next month, in the process halving its debt burden.

NTL chief exec Barclay Knapp will at least for the moment retain his position as head of the company he founded. NTL chairman George Blumenthal, however, is tipped to go.

It is anticipated that NTL will merge with Telewest after the U.K.’s other cabler completes restructuring its $8.3 billion debt.

More Scene

  • 'Pitch Perfect 3' film premiere

    Elizabeth Banks, Rebel Wilson Celebrate Women's Empowerment at 'Pitch Perfect 3' Premiere

    LONDON — U.K. cabler NTL has been given the green light to emerge from bankrupcy protection and complete restructuring its £12 billion ($18.8 billion) in debt by the United States Bankruptcy Court in New York. NTL, Britain’s biggest cable operator with 2.8 million subscribers, is expected to finish restructuring next month, in the process halving […]

  • Holiday Soul Party

    Lena Waithe on Inclusive Storytelling: 'There's Still a Long Way to Go'

    LONDON — U.K. cabler NTL has been given the green light to emerge from bankrupcy protection and complete restructuring its £12 billion ($18.8 billion) in debt by the United States Bankruptcy Court in New York. NTL, Britain’s biggest cable operator with 2.8 million subscribers, is expected to finish restructuring next month, in the process halving […]

  • 'Jumanji: Welcome to the Jungle' film

    Dwayne Johnson, Kevin Hart's 'Jumanji' Maintains 'Soul' of Robin Williams Original

    LONDON — U.K. cabler NTL has been given the green light to emerge from bankrupcy protection and complete restructuring its £12 billion ($18.8 billion) in debt by the United States Bankruptcy Court in New York. NTL, Britain’s biggest cable operator with 2.8 million subscribers, is expected to finish restructuring next month, in the process halving […]

  • John Cena Ferdinand

    'Ferdinand' Director on Why John Cena Was Perfect for Title Role

    LONDON — U.K. cabler NTL has been given the green light to emerge from bankrupcy protection and complete restructuring its £12 billion ($18.8 billion) in debt by the United States Bankruptcy Court in New York. NTL, Britain’s biggest cable operator with 2.8 million subscribers, is expected to finish restructuring next month, in the process halving […]

  • Asian-American Unforgettable Awards 2017

    'Westworld's' Leonardo Nam Says Seeing Asian Actors in ‘Star Wars’ ‘Feels Normal’

    LONDON — U.K. cabler NTL has been given the green light to emerge from bankrupcy protection and complete restructuring its £12 billion ($18.8 billion) in debt by the United States Bankruptcy Court in New York. NTL, Britain’s biggest cable operator with 2.8 million subscribers, is expected to finish restructuring next month, in the process halving […]

  • Mark Hamill'Star Wars: The Last Jedi'

    'Star Wars: The Last Jedi' Honors Late Carrie Fisher at Elaborate Premiere

    LONDON — U.K. cabler NTL has been given the green light to emerge from bankrupcy protection and complete restructuring its £12 billion ($18.8 billion) in debt by the United States Bankruptcy Court in New York. NTL, Britain’s biggest cable operator with 2.8 million subscribers, is expected to finish restructuring next month, in the process halving […]

More From Our Brands

Access exclusive content