NTL Incorporated
News and overview for NTL Incorporated
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Company Overview
| Company: | NTL Incorporated |
|---|---|
| Industry: | Cable TV System Operators |
| Website: | http://www.ntl.com |
Now the leader in the UK cable field, NTL is out of the bankrupt holding cell where it once dwelled. The one-time subsidiary of NTL Europe (formerly known as NTL, Inc., confusingly) emerged with new management and a new structure. With more than 3 million cable subscribers, NTL has become the UK's #1 cable TV operator, having acquired the residential cable business of Cable & Wireless Communications, among other assets. Besides cable TV, NTL also provides telephone, data, and Internet services to residential and corporate customers. John Malone's Liberty Media International owns about 8% of the company. In a long expected move, NTL has announced plans to be acquired by Telewest in a deal worth about $6 billion.
Key Numbers
| Sales in U.S. Dollars (mil.) | 3,800 (2004) |
|---|---|
| One-year % Growth in Sales | 4.2 (2004) |
| Net Income in U.S. Dollars (mil.) | -880 (2004) |
| One-year % Growth in Net Income | 0.0 (2004) |
| Number of Employees | 12,480 (2004) |
| One-year % Growth in Number of Employees | -8.6 (2004) |
| Fiscal Year-End | December |