Telewest Results See Rise In Sales

Telewest, the cable television company, yesterday revealed a small fall in year on year third-quarter losses from £91 million to £85 million. Sales this year rose 38% to £138 million.

The group recently completed its merger with General Cable (see Newsline). Since the merger, the enlarged Telewest currently covers around 5.9 million equity franchise homes and 400,000 businesses, which is 38% of all UK cable homes subscribing to one or more services.

Tony Illsley, chief executive at Telewest, was optimistic about the group’s prospects: “We believe our combination of local access, national network and broadband capacity positions us well to meet the rapidly growing demand for business services, especially the higher margin products, and to become a significant supplier of wholesale capacity.”