Telewest flexes its muscles as consolidation looms
Article Abstract:
Telewest has announced a rights issue which is aimed at funding the acquisition of a 50% stake in Cable London not already owned by the company. Industry experts argue that the 428 million pounds sterling acquisition price is excessive. Telewest's finance director, Charles Burdick, argues that the prime location, in north London, England, of Cable London's franchise means that it is worth paying a high price. NTL may seek to acquire Telewest, and this means that Telewest may be justified in increasing the value of assets prior to a possible bid.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Telefonica: sell-off hits the mark
Article Abstract:
The Spanish government has sold a stake of 21% in Telefonica at 3,385 Spanish pesetas per share, the maximum, due to enthusiasm from investors. Allocations for foreign institutional investors will be reduced and Spanish investors will be allocated 60% of the shares. This will help make share ownership more popular in Spain, which is an aim of the Spanish government. Customer loyalty should also be enhanced, which should help Telefonica when it faces competition.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Belgacom: don't call us
Article Abstract:
Ameritech is involved in a consortium which has won a bid to acquire a stake of 49.5% in Belgacom, the Belgian telecoms monopoly company. The company suffers from inefficiency and high costs which leave it in a vulnerable position when markets are liberalized in 1998. Ameritech is hampered by restrictions on reducing the work force of 26,000 employees There are also pension liabilities. Ameritech faces a major task and will need to supply investment funds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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