NTL and Telewest shareholders urge merger negotiations
# Jul 20, 12:27 PM by Mick
Shareholders of the two largest cable companies in the UK, have urged NTL and Telewest, to start merger negotiations this autumn. A merger of the two companies would form a company with a market value of $7Billion according to the observer.
According to the Sunday newspaper, one shareholder says: “It makes sense for the two companies to merge as soon as possible, because together they will be able to launch a formidable marketing campaign – and a more lavish one, after they have realised cost savings”.
Shareholders are virtually the same for ntl and Telewest so a merger is said to be easy to pull off because everyone is heading in the same direction.