Cable comms giant NTL is making its second round of acquisitions this year, bagging two UK operators in the Midlands and south east England.
Earlier this year NTL snapped up Comcast UK, a Cambridge and Teesside cable company, for $600 million.
The latest deals are for Diamond Cable Communications and Comtel, for an approximate combined value of $973 million. NTL now boasts around a quarter of the UK market, plus 85,000 business telephony lines.
For around $630 million, Diamond will provide NTL with a franchise covering 1.2 million homes around the east Midlands.
The Comtel deal, worth #550 million, will enable NTL to expand its London bases to cover south east England regions. Comtel had passed around 991,000 homes, plus 161,000 residential telephony subscribers, 166,000 cable television subscribers and 2,600 business telephony customers.
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