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

Add a Comment
You can comment on this story below. Complete the form including the CAPTCHA or click here to register for free / login.
Name :
Email :
Comment on this article
If you have not signed up for a free account, before submitting your comment tick the box below to confirm that you are a human. This prevents automated spam submissions.

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

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
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
12/11/2009
Broadcast India Wins Business For SGO Mistika
SGO has announced that four new sales of Mistika have arisen following the positive response from visitors from across Asia at Benchmark's stand at Br
03/08/2009
Softel Group Divests Aston Broadcast Video Graphics Business
The Softel Group has announced that it is selling its video graphics systems company Aston Broadcast for an undisclosed fee to real-time graphics spec
19/03/2009
APT Licensing Sells Its Hardware Business To Audemat Broadcast Equipment Group
Audemat and APT Licensing have jointly announced that the broadcast hardware division of APT has been sold to the Audemat group of broadcast equipment
25/02/2009
Business Booming At Broadcast Video Expo 2009
The broadcast and video industry was 'buoyed-up' last week by the frenzy of activity at Broadcast Video Expo 2009 at Earls Court, London, which saw Ha
10/07/2008
New Appointment For Harris Corporation's Broadcast Communications Business
Harris Corporation, an international communications and information technology company, has named Alain Pecot Regional Director of Southern Europe for
09/11/2007
Media Links Appoints Luann Linnebur Director Of Business Development, Broadcast Markets
Media Links, a leading provider of high-definition video transport solutions, has announced that it has appointed Luann Linnebur to the position of Di
02/04/2007
Arqiva Completes Acquistion Of BT's Satellite Broadcast Services Business
Arqiva's acquisition of BT's satellite broadcast services business was successfully completed at the end of March. The £25 million cash deal includes
08/12/2006
Arqiva To Acquire BT's Satellite Broadcast Business
Arqiva has announced the signing of a Sale & Purchase Agreement (SPA) with BT to acquire the full-time service components of BT's Satellite Broadcast
26/07/2006
Chairman and CEO of EMI Music joins Film Business Academy of Cass Business School
Alain Levy, Chairman and CEO of EMI Music, has been appointed Chairman of the Film Business Academy’s Advisory Board at Cass Business School, London.
24/01/2005
Harris launches Software Systems business unit for broadcast markets
Harris Corporation have announced the formation of a new Software Systems business unit within its Broadcast Communications Division. The new business
24/05/2002
BBC's business-to-business broadband capability launched
BBC Worldwide, the BBC’s main commercial arm, have launched BBC Preview – the first business-to-business broadband application that allows internation
18/04/2002
BBC Broadcast opens for business
BBC Broadcast Ltd have officially opened for business as the BBC's new commercial brand and business vision to the broadcast market. The company, the
21/08/2015
Axon Delivers BT Sport's First Live 4K Broadcast
OB provider Timeline Television selected Axon's 4K Synapse processing and Cerebrum advanced monitoring and control system to deliver BT Sport's first