Tech
Telewest's creditors gave the green light today to the company's restructuring plan.
In a statement to the London Stock Exchange, Telewest said:
"The approval of the schemes by Telewest's and Telewest Jersey's creditors is one of the key steps being taken to implement Telewest's financial restructuring. The next important step in the financial restructuring will be court hearings to sanction the schemes, which are currently scheduled for 17 June 2004 in the English High Court and for 18 June 2004 in the Jersey Royal Court. Successful completion of the financial restructuring remains subject to a number of conditions."
In a statement to the London Stock Exchange, Telewest said:
"The approval of the schemes by Telewest's and Telewest Jersey's creditors is one of the key steps being taken to implement Telewest's financial restructuring. The next important step in the financial restructuring will be court hearings to sanction the schemes, which are currently scheduled for 17 June 2004 in the English High Court and for 18 June 2004 in the Jersey Royal Court. Successful completion of the financial restructuring remains subject to a number of conditions."
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