Broadcast News

Bookmark and Share
03/12/2004

ntl to sell broadcast division for £1.27 billion

Broadcast infrastructure giant ntl has entered into a definitive agreement to sell its broadcast business for £1.27 billion.
The agreement has been reached with a consortium led by Macquarie Communications Infrastructure Group (MCG) and including Macquarie Bank Limited, Industry Funds Management (Nominees) Limited and other third party investors.
The sale is subject to regulatory approval and is expected to close in the first quarter of 2005.
Simon Duffy, Chief Executive Officer of ntl, said: “We are very pleased to have agreed the sale of our broadcast division to MCG on these terms. MCG has been an excellent owner of a similar business we sold to them in Australia in 2002 and I am sure that they will prove to be an equally good owner of our UK broadcast business. The 2002 transaction has proved to be highly beneficial to both MCG and ntl and I am confident that the transaction we are announcing today will prove to be just as successful for both parties. Going forward, this transaction will enable us to focus on continuing to grow our core cable and broadband businesses.”
The broadcast business provides tower site leasing, broadcast transmission, satellite, media, public safety communications and other network services in the UK and the Republic of Ireland. The broadcast business’ customers include the leading UK mobile wireless operators, all major commercial television and radio broadcasters and public safety organisations such as the police, fire and ambulance services. The broadcast business has the second largest independent portfolio of wireless towers and sites available for lease in the UK.
(GB)
Promotion Hire

Top Related Stories
Click here for the latest broadcast news stories.

25/10/2016
EBS Supplies EPG Data For Arirang TV's New UK HD Channel
EBS has announced that it is supplying EPG data via its Pawa scheduling application directly to Sky on behalf of Arirang TV's new HD channel, which ha
21/10/2016
BPS (UK) – Authorized GoPro Dealer For The Broadcast, Media & AV Market
GoPro, Inc. unveiled new products and services that dramatically simplify the process of capturing, editing and sharing engaging content, establishing
20/10/2016
The Farm Installs Marquis Broadcast Solution
The Farm, a post-production house, has installed Marquis Broadcast's Workspace Parking solution at its Soho-based facility, it has been announced. Ric
02/11/2016
Marquis Broadcast To Attend NAB New York
Marquis Broadcast is to demonstrate its latest workflow integration solutions at NAB New York 9 - 10 November on booth 652. Marquis will showcase a ne
01/11/2016
Production News : Channel 4 To Broadcast 60 Days In Jail
Channel 4 has acquired 60 Days in from A+E Networks to be retitled 60 Days In Jail when it airs on this month. The original docu-series follows seven
18/10/2016
Martin Anderson Joins Presteigne Broadcast
Presteigne Broadcast Hire has announced that Martin Anderson has been appointed as Chairman of the company, following its recent MBO. Mike Ransome, CE
18/10/2016
Ikegami Unveils Partnership With WTS Broadcast
Ikegami has announced a partnership with WTS Broadcast. The agreement will see Ikegami's full product range added to WTS' sales portfolio. Dave Cheesm
07/01/2003
UK-based rental house expand video broadcast business
Equipment rental company Presteigne Broadcast Hire, part of the Avesco Group, based in the UK, have placed a multimillion-Euro order for a full comple
11/11/2016
Automated Checking & Correction Tools For Broadcast Delivery Specifications
Back in the last millennium, when the finished product of a production company was delivered on video tape, quality control was focussed on technical
10/11/2016
Advantage Of Intercom-over-IP For Remote Broadcast
In the remote sports and news broadcast markets, remote connectivity is key, explains Stephen Sandford, Product Manager, Clear-Com. But with only shor
07/10/2016
Broadcast Solutions Delivers Customised OB Van
Broadcast Solutions GmbH has delivered an OB van and a supporting van to O2 Czech Republic for its coverage of the Czech premier football league. Alon
06/10/2016
Axon To Appear At Broadcast India
Axon Digital Design has announced that it will demonstrate its SynView solution in Asia for the first time at Broadcast India later this month, 20 – 2
22/02/2002
NTL win three-year contract to relay WRC coverage
NTL Broadcast have been awarded a three-year contract by Channel 4 to provide transmission services for all European legs of the World Rally Champions
07/12/2016
Presteigne Broadcast Hire Appoints COO
Presteigne Broadcast Hire has announced the appointment of Adrian Young as its Chief Operating Officer, effective immediately. Young will be responsib
18/11/2016
The Outside Broadcast Revolution Is Here
So you want to do an outside broadcast. This involves getting real-time audio from a temporary location to a studio and back in good quality with low