Tech
Telewest shareholders greenlight restructuring
Published Friday, May 21 2004, 22:31 BST | By James Welsh
Telewest shareholders green-lighted part of the process in the cable company's financial restructuring plan at an Extraordinary General Meeting held today (Friday).
The company's shareholders passed a resolution that will transfer most of the company's assets into a Delaware company, Telewest Global, that will hold the restructured Telewest group.
"We thank our shareholders for today's vote," said Telewest chairman Cob Stenham. "It is a key step toward the completion of Telewest's financial restructuring."
The company's shareholders passed a resolution that will transfer most of the company's assets into a Delaware company, Telewest Global, that will hold the restructured Telewest group.
"We thank our shareholders for today's vote," said Telewest chairman Cob Stenham. "It is a key step toward the completion of Telewest's financial restructuring."
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