Cable group, NTL, has received at least 15 offers for its broadband division which could potentially sell for £1.2 billion.
According to reports, sources close to the division, which includes the transmitter network for UK commercial television, said they were not entirely sure that a sale was even being considered.
Last month, NTL confirmed it was considering its strategic plans, which could result in the sale of the group’s television and radio broadcasting business (see NTL Reviewing Plans Which Could Result In Sale Of ‘Towers’ Business).
Talks of the sale once again sparked rumours of Telewest merger negotiations. Shareholders at both NTL and Telewest are keen to see an acquisition by NTL, which could result in a single company with a market value of £7 billion (see NTL And Telewest Shareholders Urge $7 Billion Merger).
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