NTL revenue up but losses widen

Tuesday 17 August 1999 23:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

NTL, the Nasdaq-listed company poised to become Britain's biggest cable operator, yesterday reported that second-quarter net losses widened to $348m (pounds 218m) from $104m a year earlier. Last month NTL clinched an pounds 8.2bn deal to buy the cable-TV arm of Cable & Wireless Communications. Total revenues in the quarter more than doubled to $360m from $154m, aided by acquisitions.

The proportion of customers taking either TV, telephone or Internet service from NTL in its franchise areas rose to 46 per cent from 40.6 per cent a year earlier, excluding acquired franchises

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

NTL revenue up but losses widen

Join our commenting forum

Thank you for registering