NTL reported net loss of $1.2 billion in 4th quarter ended Dec. 3...
NTL reported net loss of $1.2 billion in 4th quarter ended Dec. 31 despite big increases in revenue to $852.9 million and in operating cash flow to $93 million. NTL, which operates cable systems and broadcast stations in U.K.,…
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rest of Europe and Australia, said operating, interest, depreciation and amortization expenses all rose sharply last year as it bought properties in several countries, expanded operations and started new services. In U.K., its biggest market, NTL said it closed year with 530,700 digital, 531,300 telephone and 12,800 cable-modem subscribers.