Ntl (NASDAQ:NTLI)
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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.