Partners Jeffrey Bagner and Daniel Bursky noted for their work for NTL Inc., <i>Chambers Client Report</i>, U.K. telecommunications industry article

Partners Jeffrey Bagner and Daniel Bursky noted for their work for NTL Inc., Chambers Client Report, U.K. telecommunications industry article

Chambers Client Report's article on the U.K. telecommunications companies identifies restructurings and consolidations as one of big issues facing the industry today. It notes that "[t]his has especially been so for cable operators Telewest and NTL. NTL concluded an £11bn debt-for-equity swap with its American creditors in January last year to bring it out of Chapter 11 bankruptcy. Since then the resurgent group, under new management, has undertaken a $1.5bn (Ç1.2bn) rights issue in November and a bond and bank debt refinancing worth a total of $3.2bn (Ç5.8bn) in April of this year. Head of legal Robert MacKenzie says that 'In the US, for M&A work, SEC filings, share issues and the like, we use Fried Frank.' [Jeffrey] Bagner leads the team there, supported by Daniel Bursky. MacKenzie says that 'I never ask them a question and get an answer I don't agree with. They are especially good communicators, keeping you informed about everything that is going on.'"

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