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Telewest Flotation Lifts Profits

Telewest Flotation Lifts Profits

US West announced full year results from the Baby Bell regional phone companies with a 55% jump in net earnings to $409m in the final quarter, helped by the flotation of TeleWest, its UK joint venture. TeleWest increased the number of cable subscribers by 42% to 320,000 and its telephone lines by 94% to 271,000.

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