Home » 

UK ISP News Archives

 » 
Sponsored Links

Telewest Shareholders To Suffer

Posted: 28th Jul, 2003 By: MarkJ
The UKs second largest cable TV, phone and Internet access operator, Telewest, has today confirmed that its debt-for-equity restructuring will results in shareholders owning a stake of just 1.5%:

Telewest expects to swap about two-thirds of its £5.2bn debt for shares, which would leave existing shareholders with a combined stake of just 1.5% in the company, according to a statement released this morning.

Under terms proposed last year, retail shareholders would have held on to about 3% of the company's equity - a deal recently rejected by US bondholders.


There was a similar outcome following NTLs restructuring. More @ netimperative.com .
Search ISP News
Search ISP Listings
Search ISP Reviews
Cheap BIG ISPs for 100Mbps+
Community Fibre UK ISP Logo
150Mbps
Gift: None
Virgin Media UK ISP Logo
Virgin Media £26.00
132Mbps
Gift: None
Shell Energy UK ISP Logo
Shell Energy £26.99
109Mbps
Gift: None
Sky Broadband UK ISP Logo
100Mbps
Gift: None
Plusnet UK ISP Logo
Plusnet £27.99
145Mbps
Gift: None
Large Availability | View All
Cheapest ISPs for 100Mbps+
Gigaclear UK ISP Logo
Gigaclear £17.00
200Mbps
Gift: None
YouFibre UK ISP Logo
YouFibre £19.99
150Mbps
Gift: None
Community Fibre UK ISP Logo
150Mbps
Gift: None
BeFibre UK ISP Logo
BeFibre £21.00
150Mbps
Gift: £25 Love2Shop Card
Hey! Broadband UK ISP Logo
150Mbps
Gift: None
Large Availability | View All

Helpful ISP Guides and Tips

Sponsored Links
The Top 15 Category Tags
  1. FTTP (5524)
  2. BT (3518)
  3. Politics (2540)
  4. Openreach (2298)
  5. Business (2264)
  6. Building Digital UK (2246)
  7. FTTC (2044)
  8. Mobile Broadband (1975)
  9. Statistics (1788)
  10. 4G (1666)
  11. Virgin Media (1621)
  12. Ofcom Regulation (1463)
  13. Fibre Optic (1395)
  14. Wireless Internet (1389)
  15. FTTH (1381)
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms  ,  Privacy and Cookie Policy  ,  Links  ,  Website Rules