NTL Ireland up for sale?

patrickmooney · 06-03-2003 9:49am #1

Interesting. Just been reading enn.ie and they've a little new digest stating that NTL Ireland are currently up for sale for a possible €100,000 only! So NTL are giving up on it's Irish division. does this mean we're not going to get the network investment we where promised? Perhaps the new company will be called......CableLink!

Tazz T · 06-03-2003 9:54am

100 million to take on their debts.

I'll give them a used hankie and a lollipop stick.

patrickmooney · 06-03-2003 9:57am

Ops! Just read the article in the Indo Link and the actual fig is less - €100,000! What say we all give €10 and buy it together!

DMC · 06-03-2003 10:12am

As I said on IOFFL, I have €2.60.

icdg · 06-03-2003 11:51am

Hmm... you buy a company for IR£ 630,000,000, you sell it for EUR 100,000. Any one care to work out how much of a loss that is?

However... we've heard rumours of "NTL for sale" since the day the company moved in. And remember which paper this has appeared in, the one that controls Chorus, remember? So I'm sceptical, and will remain so until I see the company actually sold.

Elmo · 06-03-2003 2:55pm

Dennis O'Brien will be laughing all the way to the bank, if this happens.

E-island here we come.

DMC · 06-03-2003 3:09pm

Originally posted by icdg
Hmm... you buy a company for IR£ 630,000,000, you sell it for EUR 100,000. Any one care to work out how much of a loss that is?

IR£ 630,000,000.00 is about €70,000 short of €800,000,000.00

€100,000? Its way too little.

Elmo · 06-03-2003 3:12pm

Keep up people

€100 million to take on their debts.

icdg · 06-03-2003 3:13pm

And remember what was bought was an analogue television network, what is being allegedly sold is a digital television, cable internet (in parts) and telephone company. And lots of debt...

Oh, I've just done a bit of math, and the company if it were sold for EUR 100,000 would be about 0.0125% of its original value, a staggering loss of 99.9875%. They'd practically be giving it away, at those figures...

a bientot · 06-03-2003 7:15pm

ONLY ONE QUESTION WILL THE NEW OWNER
GIVE US BACK TV5, EUROSPORT AND NATIONAL GEOGRAPHIC AND THEN GO AND SELL ITS 150 (VIA DIGITAL) CHANNELS TO THE FEW WHO WANT THEM AND REMEMBER THIS IS IRELAND NOT LONDON WHERE SATELLITE TV CHANNELS HAD TO BE CREATED TO SELL CABLE.....
WE HAVE CABLE HERE FOR THE FAMOUS FOUR (TERRESTRIALS)
sorry for all the shouting but now I hear that ntl London has denied the veracity of the story so.......
and see the letter in the Indo today, coincidental?.................

Frameless · 07-03-2003 9:15pm

Cablelink, with all it's faults, understood one thing which NTL never have done, and never will - the Irish customer. Our tastes and desires are completely different to those of the UK or NI. They have never understood this and the so-called 'management' stumble from one crisis to another.

A bunch of spivs were given wads of dosh by the banks and squandered every last penny of it. Amazingly the majority of these people are still in place in the Company. Come back Cablelink - all is forgiven!!

NTL Ireland up for sale?

Comments