NTL sells broadcast business for Â£1.27bn
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Cable firm NTL today announced that it has entered into a definitive agreement to sell its broadcast business for Â£1.27bn. A consortium led by Macquarie Communications Infrastructure Group and other third
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MELBOURNE: Britain&#39;s largest cable firm NTL Inc said yesterday it would sell its television transmission business to an Australian investment group for Â£1.27bil to pay down debt.
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The News Corporation agreed to sell eight Fox network-affiliated television stations to Oak Hill Capital Partners for about $1.1 billion.
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Cable firm NTL Inc  said on Wednesday it had no plans to make an offer for ITV Plc  after Britain's biggest commercial broadcaster rejected its 4.7 billion pound ($9.3 billion) bid proposal last month.
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British telecommunications company Cable &amp; Wireless PLC is selling its Japanese business to Tokyo-based broadband services provider Softbank Corp.
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The company behind the Madame Tussauds and London Eye tourist attractions is bought in a Â£1bn deal.
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China Network Systems, Taiwan's largest cable TV operator, has decided to sell itself to MBK Partners, in a deal expected to fetch up to $1.6 billion, according to media reports on Monday.
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NTL, Britainâs largest cable firm, has struck an agreement with a consortium led by one of Australiaâs top banks to sell its network of masts for Â£1.27 billion.
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A consortium led by Australia&#39;s Macquarie group will pay Â£1.27 billion ($2.5 billion) for the broadcast infrastructure business of Britain&#39;s NTL Group.
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SAN FRANCISCO (CBS.MW) -- NTL Inc. said late Wednesday that it has agreed to sell it broadcast business for 1.27 billion pounds ($2.46 billion) to a consortium led by Macquarie Communications Infrastructure Group.
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Capital Radio, the largest commercial radio broadcaster in Britain, agreed Wednesday to buy GWR Group for Â£341 million in shares to reduce costs and increase advertising revenue.
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Internet firm Pipex sells its broadband and phone business to Italian rival Tiscali for Â£210m.
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German industrial giant Siemens has signed aAÂ£1.86 billion contract to deliver technology services around the world to the BBC, a deal that will see it acquire the broadcaster&#39;s technology subsidiary.
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LONDON : Cable and Wireless, the British telecoms group, said it had agreed to sell its Japanese unit to Internet service provider Softbank Corp for about 133 million dollars (104 million euros) including debt.
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German broadcaster ProSiebenSat.1 is to be sold to a consortium of US and European private equity firms.
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Virgin Media, the telecom and television giant previously known as NTL, confirmed Monday a bid for the group was being made but offered no details.
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Rupert Murdoch's News Corp  will sell eight U.S. television stations to private equity firm Oak Hill Partners for about $1.1 billion.