ntl plans to relist on NYSE

ntl CEO Barclay Knapp has told reporters that he plans to relist the troubled cable company on the New York Stock Exchange and possibly gain a secondary listing in London after the company emerges from a massive debt restructuring programme.

He said: "We are going to maintain our status as a Delaware-incorporated company and our initial listing will be a New York Stock Exchange listing. We considered the London listing and chose the route we chose because this is the only way we can exit the process on this time-frame," according to wires service Reuters.

There is a possibility, Knapp added, that the company would seek a primary listing on the London Stock Exchange in the future.