UK cable group, Telewest Communications, is understood to be meeting with its bank this week to discuss the expected restructure of its £5.3 billion debt burden (see Telewest Moving Closer To Debt Swap Agreement).
This process has already been undertaken by Telewest’s only rival in the UK cable market, NTL (see NTL Rescue Plans Revealed). At some point after the two companies have finished their restructures, it is likely that they will merge to create a single UK cable TV and telephony operator.