The messy web of UK cable company ownership will be somewhat untangled as three operators swap various local stakes.
Telewest will gain 99 per cent control of Birmingham Cable, which is currently owned by Telewest, Comcast and General Cable. Telewest will acquire Comcast's 27.47 per cent interest in Birmingham Cable for #125 million. Telewest, which is acquiring General Cable, will also inherit the latter's 44.95 per cent stake as part of the merger deal.
The ownership of Cable London will also be resolved by 30 September 1999 when Telewest either sells its 50 per cent share to Comcast, or acquires Comcast's 50 per cent stake.
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