Flextech has announced that it completed the disposal of a group of subsidiaries owned by IVS cable holdings limited (IVS) for £62.6 million, to KPN Kabel. Flextech owns 91.7% of IVS and will receive £59.3m in cash.
The IVS subsidiaries hold licences to provide cable television and cable telephony services for four franchises in the UK at Andover, Oxford, Stafford and Salisbury; the franchises together include approximately 216,000 homes.
As at 13 October, 1995 the franchises had passed 25,030 homes and had 3,995 cable television subscribers.
Flextech: 0171 813 4100
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