UK: TELEWEST SHELVES INTERNET SERVICES PLAN

Article Abstract:

Telewest, the largest cable television company in the UK, has confirmed its intention to withdraw from the provision of Internet services to residential customers and plans to invest instead in developing its cable network. Telewest has 1.6mn customers and a 10-year old cable network. It has just launched a high-speed digital cable service, blueyonder, which costs customers GB[pound] 33 per month plus a one-off installation fee. John Murray, a spokesman for Telewest, said the company had chosen to "concentrate on increasing the penetration in our area", because "our cable network is state-of-the-art fibre which is superior and offers far more bandwidth".

New capacity, new plant construction, Services information, Computer network equipment industry, Network hardware industry, Services, Brief Article, Telewest

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UK: TELEWEST AND NTL DEAL REBUFFED

Article Abstract:

Telewest Communications will not enter into a merger deal at the present time with leading UK-based cable group, NTL, the former's chief executive, Adam Singer, revealed on 17 October 2000. Mr Singer's statement will disappoint those shareholders who had hoped that the firms' diminishing stock prices would be lifted by plans to create a single UK cable operator. UK-based cable operator and thematic channels business, Telewest, has almost GB[pound] 4bn worth of debt, while NTL has debt of around GB[pound] 9bn. The debt issue was cited Mr Singer as a key factor.

United States, Acquisitions & mergers, Mergers, acquisitions and divestments, NTL Inc., NTLI, TeleWest Communications PLC

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UK: CABLE & WIRELESS TO CUT 1,400 JOBS

Article Abstract:

Cable & Wireless is cutting 1,400 jobs as it restructures its data and Internet services businesses worldwide. The cuts will be made over the next six months and include 500 jobs in the UK. The cuts represent 10% of its global workforce. The cuts are due to the merger of several C&W businesses that have led to the duplication of skills. The measures are needed to ensure it can compete in Internet and data markets.

Labor force information, Telegraph & other communications, Specialized Telecom Services, Wired Telecommunications Carriers, Interactive CATV, Management, Internet services, Employment, Cable and Wireless PLC, Interactive television

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