Cable operators Telewest and NTL today announced plans to merge in a deal creating the UK's second largest communications company.
The long-awaited tie-up, which has been forecast in the City for many months, will bring about the largest provider of residential broadband services in the UK with 2.5 million subscribers.
The tie-up will be structured as a takeover of Telewest by NTL and will create a company with combined revenues of around £3.4 billion sterling.
NTL Ireland was sold by its US parent company to MS Irish Cable Holdings, for €325m earlier this year.
