France Telecom to Invest in NTL
15.07.1999, 14:53
New York (PROTEXT) - NTL Incorporated (Nasdaq: NTLI; Easdaq;NTLI.ED) confirms that it is in advanced discussions with FranceTelecom which, if successful, will result in France Telecommaking a minority investment in NTL. This investment will allowNTL to further its strategic initiatives in the UK cableindustry. This investment would result in the suspension of the equityoffering previously announced by NTL on June 23, 1999. otsOriginal Text Service: NTL Incorporated Internet:http://www.newsaktuell.de Contact: John F. Gregg, ChiefFinancial Officer, or Richard J. Lubasch, Executive VicePresident-General Counsel, or Kathy Makrakis, Director InvestorRelations, (USA) 212-906-8457, or investor-relations@ntli.com,or United Kingdom, Alison Smith, Head of Group Communications+44-1252-402662 or alison.smith@ntl.com, all of NTL IncorporatedWeb site: http://www.ntli.com
Subscribers please note that material bearing the slug"PROTEXT" is not part of CTK's news service and is not to bepublished under the "CTK" slug. Protext is a commercial serviceproviding distribution of press releases from clients, who areidentified in the text of Protext reports and who bear fullresponsibility for their contents.
PROTEXT