- London (Bloomberg) -- NTL
Inc.'s two main creditors are seeking money for its Swiss unit, which may
delay a reorganization of the cable company on the brink of the biggest
corporate default, the Financial Times said, citing unidentified people
close to the talks.
-
- Morgan Stanley Dean Witter & Co. and J.P. Morgan
Chase & Co. want cash from bondholders or some of the $300 million
raised by selling NTL's Australian mast network, the paper said. The banks,
which arranged $2.3 billion in loans to Cablecom, plan to write off part
of that debt.
-
- A dispute between banks and bondholders may delay a reorganization
of NTL. Investors last week said they are closer to.
-
- (BN ) Apr/13/2002 13:06 GMT
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