NTL and Telewest Global are pleased to announce that the combination of NTL and Telewest was completed

March 3, 2006

1 Min Read

LONDON -- NTL Incorporated (NASDAQ: NTLI) and Telewest Global, Inc. (NASDAQ: TLWT) are pleased to announce that the combination of NTL and Telewest was completed today.

The combined company has been renamed NTL Incorporated, and, beginning March 6, 2006, shares of the combined company will be quoted on The NASDAQ National Market under the ticker symbol "NTLID" which will eventually change to “NTLI”. Effective March 6, 2006, NTL’s common stock will cease to be traded and will no longer be quoted on The NASDAQ National Market. Former NTL stockholders now own approximately 75% of the combined company and former Telewest stockholders own approximately 25% of the combined company.

“This combination of two industry leaders positions us to better fulfill our commitment to serve our customers,” said Jim Mooney, Chairman of NTL. “We are grateful for the strong support for this merger demonstrated by stockholders, customers, employees and the communities we serve. We are excited to now move forward as one entity that has the experience and resources of both companies, coupled with an unsurpassed breadth of communication products.”

NTL stockholders will receive very shortly information about how to exchange their shares for shares of the combined company. Telewest stockholders will also receive very shortly information about how to exchange their shares for shares of the combined company and the cash consideration payable in connection with the reclassification of their shares of Telewest common stock.

ntl group ltd. (Nasdaq: NTLI)

Telewest Global Inc. (Nasdaq: TWSTY)

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