Quote:
Originally Posted by matt_2k34
Hey there
Dont panic, the £5bn Debt is the loan they got from the Government- they still havent paid off the network they own, which means bad news for me (they wont be rolling out to any other areas any time soon) - ontop of this debt they have (as you say) got all the takeover £££
Oh and BTW. for "legal reasons" Telewest "bought" NTL - (worked out cheaper but i cant remember the reason)
^ Or at least - thats what my research has told me about these two problems.
Oh if only VM would move closer  :-) |
The reason was the UKTV deal, under the deal if a company bought out Telewest, Flextech would have to pay a large sum of cash to the BBC because it owns a 50% stake in the UKTV network., I believe £100,000 was touted.