Fried Frank Client ntl Announces Sale of Broadcast Division

Fried Frank Client ntl Announces Sale of Broadcast Division

Fried, Frank, Harris, Shriver & Jacobson LLP is representing ntl Incorporated (NASDAQ: NTLI), the United Kingdom's largest cable company and leading broadband supplier, in the sale of its Broadcast business to a consortium led by Macquarie Communications Infrastructure Group (MCG) and including Macquarie Bank Limited, Industry Funds Management (Nominees) Limited and other investors for £1.27 billion (US$2.47 billion).

The Broadcast business provides tower site leasing, broadcast transmission, satellite, media, public safety communications and other network services in the United Kingdom and the Republic of Ireland. The transaction is subject to regulatory approval and is expected to close in the first quarter of 2005.

Fried Frank advised ntl in connection with this transaction, working together with English law firm Travers Smith and Davis Polk & Wardwell.

Fried Frank attorneys representing NTL included: London corporate partners Robert Mollen, Daniel Bursky, David Sheldon and Siân Withey; New York corporate partner Jeffrey Bagner; New York tax partner Jack Jacobson; New York executive compensation and employee benefits partner Jonathan Lewis; London corporate associates Joseph Segilia, Jill Concannon, David Gasperow, Angela Grinstead, Munish Nagpal and Jonathan Woolf; and New York tax associate Eli Weiss.

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