Telewests Chairman To Go?
Posted: 02nd Jun, 2003 By: MarkJ
The Observer Newspaper has reported that Telewests current chairman, Cob Stenham, could soon stand down from his position.
DigitalSpy notes that Stenham may still stay on as deputy chairman or as a consultant to the company:
The move would coincide with the completion of Telewest's debt-for-equity refinancing, which, again according to the Observer, could be announced within a fortnight.
Despite continued strong take-up of Telewest's broadband internet service blueyonder, which continued to provide a fairly solid operational basis for the company, high levels of debt necessitated the announcement in September last year that the company was seeking to agree terms for refinancing with bondholders.
DigitalSpy notes that Stenham may still stay on as deputy chairman or as a consultant to the company:
The move would coincide with the completion of Telewest's debt-for-equity refinancing, which, again according to the Observer, could be announced within a fortnight.
Despite continued strong take-up of Telewest's broadband internet service blueyonder, which continued to provide a fairly solid operational basis for the company, high levels of debt necessitated the announcement in September last year that the company was seeking to agree terms for refinancing with bondholders.
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