ntl and Telewest finally ready to merge
# May 8, 07:46 PM by Mick
Britains two largest cable firms, ntl and Telewest are stepping closer to a merger, according to the Sunday Times. The £5.5 Billion merger is set to create a worthy competitor to BSkyB.
Goldman Sachs is believed to be advising ntl on the merger, whilst Telewest, this week meets with investment banks in New York.
Investors have repeatedly made claims that it would make perfect business sense for ntl and Telewest to merge, they are not in competition with each other because of operating in different non-overlapping franchise areas.
More over @ Timesonline.