Cable firm NTL has moved to allay investor fears that it could run out of cash in six months, following a report from financier Goldman Sachs.
The operator is reportedly planning to lower its revenue and expenditure figures for next year.
In a statement, NTL expressed "disappointment" with the findings of Goldman Sachs, but confirmed that a cost-reduction plan would be discussed by the end of the year.
Goldman Sachs warned the company yesterday that the division which has issued most of the company's high-yield debt would be out of cash by the second quarter of 2002.
NTL's bank covenants require the company to keep within set ratios, or the banks can call in their debt.
This could potentially cripple NTL, which owes around £13.7m ($20bn) in bonds, bank debt and preferred stock, according to reports in the Financial Times.
By the end of September, the cable firm had amassed a total bank debt of over £4bn and must now act swiftly to assure investors.
"In the interim, NTL reiterated it was fully able to meet all of its current trade obligations and interest payments," the statement concluded.
Moon's dark side is mountainous, rugged and never visible from the Earth
The groundwater basins in some areas of Tehran have been damaged irreversibly
This is the first time that any spacecraft on Mars has recorded air vibrations on the planet
Arctic sea ice is thickening at a faster rate during winter, thus slowing down long-term decline: NASA
But, the seasonal ice growth could only delay the demise of the Arctic ice cap for a few more decades