NTL debt default is larger than Enron
Posted by Simon Perry on 17 April 2002 at 10:33 am | Tagged as: Business
UK cable company NTL have defaulted on their debt, making it the World’s largest default, even larger than Enron. Fortunately for 3.5m NTL UK customers, control of the UK company will pass to the bondholders rather than just shutting down. Less fortunate are the shareholder - the shares, have lost more than 99 percent of their value in the past year, yesterday closed at 9.4 cents.
On this day, years gone by ...
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- Nokia 6120 Phone Packs HSDPA - 2007
- Phantom Back In News - 2007
- Joost Invite Winners - 2007
- Nokia's WiMAX Phones To Hit The Shelves Next Year - 2007
- Toshiba Introduces First 200GB USB 2.0 Portable Storage - 2007
- Intel Preps Linux Powered UMPCs - 2007
- NAB2004 - 2004
- D&M buy ReplayTV and Rio Assets - 2003
