Flextech's Pounds 1bn Sale in Doubt

Summary


HOPES are receding that the sale of television business Flextech could raise as much as Pounds 1 billion for its parent, cable company Telewest.

Flextech has been put up for sale by Telewest as part of its much- delayed Pounds 6.5 billion merger with rival NTL.

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Extract


Flextech's Pounds 1bn Sale in Doubt

Flextech whose operations include UKTV, a joint venture of 11 digital channel...

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