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.

01/12/2014
Globecast Launches Téléfrance In The UK
Globecast have launched Téléfrance, its French television package, in the UK. The package is now available via a range of Pay TV platforms, including
28/11/2014
Sennheiser UK To Exhibit At PLASA Glasgow
Sennheiser UK is to travel to Scotland in December for the PLASA Glasgow, which is being held on the 2nd and 3rd at the SECC, Glasgow. Stand C04 will
27/11/2014
Sennheiser UK Supports Britannia Row Productions At 2014 MTV EMAs
For the 12th consecutive year, Sennheiser UK supported Britannia Row Productions in its provision of audio equipment at the 2014 MTV EMAs. The two-hou
19/11/2014
Holdan To Distribute VariCam In UK
Holdan has taken delivery of the newly launched 4K VariCam and is to support the manufacturer’s launch in the UK. Holdan has been a distribution part
17/11/2014
Production News : BFI To Bring Back Blade Runner: The Final Cut To UK Cinemas
BFI is to bring 'Blade Runner: The Final Cut to cinemas on 3rd April 2015. Adapted from Philip K. Dick's novel Do Androids Dream of Electric Sheep?, R
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
03/12/2014
db Broadcast Enables UK DAB Roll Out
dB Broadcast is supplying its Cardinal intelligent Mains Distribution Unit (iMDU) for the UK roll out of DAB transmitter systems, being managed by Arq
11/12/2014
Marshall Unveils CV342 HD-SDI Broadcast Camera
Marshall has unveiled its new CV342 Compact 2.2 Megapixel HD-SDI Broadcast Camera. The camera delivers HD video in 1920x1080p (60, 59.94, 50, 30, 25fp
11/12/2014
ES Broadcast: Expecting The Unexpected
We have recently experienced first-hand many company site moves or moves because of a dramatic change in technology. Often, companies positioned for g
04/12/2014
Thomson Conducts Five HD Channels Broadcast
Thomson Video Networks is conducting France's first demo video broadcast of five HD channels in a DTTV 24.8 Mbps multiplex, enabled by the company's V
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