NTL Increases Quarterly Cash Dividend
29 Agosto 2006 - 6:30AM
Business Wire
NTL Incorporated (NASDAQ:NTLI) today announces that its Board of
Directors has approved the payment of a cash dividend for this
quarter of $0.02 per share of the Company's Common Stock. This is
an increase of 100% from $0.01 per share since the initiation of a
regular cash dividend last quarter. The payment will be made on
September 20, 2006 to stockholders of record as of September 12,
2006. About ntl Incorporated (NASDAQ:NTLI) -- On 4 July 2006 ntl
Incorporated (the holding company of ntl:Telewest) completed its
acquisition of Virgin Mobile. -- In March 2006 ntl and Telewest
completed a merger creating the UK's largest provider of
residential broadband and leading provider of triple play services.
The company operates under the name of ntl:Telewest and offers a
range of communications and entertainment services to more than 5
million residential customers. The Company's networks can service
more than 12 million homes - 50% of UK households - and 85% of UK
businesses. -- ntl:Telewest's content division, Flextech Television
provides television channels for the UK multichannel TV market and
owns transactional channels price-drop TV, bid tv, speed auction tv
and screenshop. Flextech owns 6 entertainment channels - LIVINGtv,
LIVINGtv 2, Bravo, Challenge, Trouble, Ftn (plus their time shifted
variants) and is a 50% partner in UKTV which consists of ten
channels including UKTV Gold, UKTV Drama and UKTV History. Together
Flextech and UKTV are the largest suppliers of basic channels to
the UK pay-TV market.Further information about ntl:Telewest and its
products can be found at www.ntl.com, www.telewest.co.uk,
www.flextech.co.uk or www.virginmobile.com "Safe Harbor" Statement
under the Private Securities Litigation Reform Act of 1995: Various
statements contained in this document constitute "forward-looking
statements" as that term is defined under the Private Securities
Litigation Reform Act of 1995. Words like "believe," "anticipate,"
"should," "intend," "plan," "will," "expects," "estimates,"
"projects," "positioned," "strategy," and similar expressions
identify these forward-looking statements, which involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, performance or achievements or industry results to
be materially different from those contemplated, projected,
forecasted, estimated or budgeted, whether expressed or implied, by
these forward-looking statements. These factors include: (1) the
failure to obtain and retain expected synergies from the merger
with Telewest and the proposed transaction with Virgin Mobile; (2)
rates of success in executing, managing and integrating key
acquisitions, including the merger with Telewest and the proposed
transaction with Virgin Mobile; (3) the ability to achieve business
plans for the combined company; (4) the ability to manage and
maintain key customer relationships; (5) the ability to fund debt
service obligations through operating cash flow; (6) the ability to
obtain additional financing in the future and react to competitive
and technological changes; (7) the ability to comply with
restrictive covenants in NTL's indebtedness agreements; (8) the
ability to control customer churn; (9) the ability to compete with
a range of other communications and content providers; (10) the
effect of technological changes on NTL's businesses; (11) the
functionality or market acceptance of new products that NTL may
introduce; (12) possible losses in revenues due to systems
failures; (13) the ability to maintain and upgrade NTL's networks
in a cost-effective and timely manner; (14) the reliance on
single-source suppliers for some equipment and software; (15) the
ability to provide attractive programming at a reasonable cost; and
(16) the extent to which NTL's future earnings will be sufficient
to cover its fixed charges. These and other factors are discussed
in more detail under "Risk Factors" and elsewhere in NTL's Form
10-K and NTL Holdings Inc.'s Form 10-K that were filed with the SEC
on February 28, 2006 and March 1, 2006, respectively. We assume no
obligation to update our forward-looking statements to reflect
actual results, changes in assumptions or changes in factors
affecting these statements.
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