UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
NTL, Inc. (former International CableTel, Inc.)
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
629407107
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(CUSIP Number)
January 1, 1998
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|X| Rule 13d-1 (b)
|_| Rule 13d-1 (c)
|_| Rule 13d-1 (d)
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* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 14 pages
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CUSIP No. 629407107 Page 2 of 14 pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
Trustees of General Electric Pension Trust
I.R.S. #14-6015763
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|X|
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(3) SEC use only.
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(4) Citizenship or place of organization.
State of New York
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
None
(6) Shared voting power:
882,000
(7) Sole dispositive power:
None
(8) Shared dispositive power:
882,000
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(9) Aggregate amount beneficially owned by each reporting person.
882,000
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
1.47% (5.84% if aggregated with the shares beneficially owned by General
Electric Investment Corporation and GE Investment Management Incorporated)
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(12) Type of reporting person (see instructions).
EP
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CUSIP No. 629407107 Page 3 of 14 pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
General Electric Investment Corporation, as Investment Manager of GEPT (as
defined below) and Investment Adviser of certain other entities and accounts
I.R.S. #22-2152310
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|X|
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(3) SEC use only.
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(4) Citizenship or place of organization.
State of Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
1,718,952
(6) Shared voting power:
882,000
(7) Sole dispositive power:
1,718,952
(8) Shared dispositive power:
882,000
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(9) Aggregate amount beneficially owned by each reporting person.
2,600,952
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
4.33% (5.84% if aggregated with the shares beneficially owned by GE
Investment Management Incorporated)
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(12) Type of reporting person (see instructions).
IA, CO
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CUSIP No. 629407107 Page 4 of 14 pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
GE Investment Management Incorporated, as Investment Adviser to certain
other entities and accounts
I.R.S. #06-1238874
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|X|
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(3) SEC use only.
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(4) Citizenship or place of organization.
State of Delaware
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
914,822
(6) Shared voting power:
None
(7) Sole dispositive power:
914,822
(8) Shared dispositive power:
None
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(9) Aggregate amount beneficially owned by each reporting person.
914,822
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
1.52% (5.84% if aggregated with the shares beneficially owned by General
Electric Investment Management Incorporated)
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(12) Type of reporting person (see instructions).
IA, CO
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CUSIP No. 629407107 Page 5 of 14 pages
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
General Electric Company
I.R.S. #14-0689340
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|X|
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(3) SEC use only.
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(4) Citizenship or place of organization.
State of New York
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
Disclaimed (see 9 below)
(6) Shared voting power:
0
(7) Sole dispositive power:
Disclaimed (see 9 below)
(8) Shared dispositive power:
0
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(9) Aggregate amount beneficially owned by each reporting person.
Beneficial ownership of all shares disclaimed by General Electric Company
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(10) Check if the aggregate amount in Row (9) excludes certain shares |X|
(see instructions).
Disclaimed (see 9 above)
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(11) Percent of class represented by amount in Row 9.
Not applicable (see 9 above)
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(12) Type of reporting person (see instructions).
CO
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INTRODUCTORY NOTE: This Amendment No. 3 amends the Statement on Schedule 13G
filed on behalf of General Electric Company, a New York corporation ("GE"),
General Electric Investment Corporation, a Delaware corporation and a wholly
owned subsidiary of GE ("GEIC"), GE Investment Management Incorporated, a
Delaware corporation and a wholly owned subsidiary of GE ("GEIM") and the
Trustees of General Electric Pension Trust, a New York common law trust ("GEPT")
on February 13, 1996, as amended on February 14, 1997, and as amended on
February 13, 1998 (as amended, the "Schedule 13G"). GEIC is a registered
investment adviser and acts as Investment Manager of GEPT, and as Investment
Adviser to certain other entities and accounts, and may be deemed to be the
beneficial owner of 882,000 shares of Common Stock of NTL, Inc. (the "Issuer")
owned by GEPT and of 1,718,952 shares of Common Stock of the Issuer owned by
such other entities and accounts. GEIM is a registered investment adviser and
acts as an Investment Adviser to certain entities and accounts, and may be
deemed to be the beneficial owner of 914,822 shares of Common Stock of the
Issuer owned by such entities or accounts. GEIM, GEPT and GEIC each expressly
disclaim that they are members of a "group". GE disclaims beneficial ownership
of all shares and expressly disclaims that it is a member of a "group".
Item 1 Name of Issuer
Not applicable
Item 2(a) Name of Person Filing
Trustees of General Electric Pension Trust ("GEPT") (See Schedule
II).
General Electric Investment Corporation, as Investment Manager of
GEPT, and as Investment Adviser to certain other entities and
accounts.
GE Investment Management Incorporated, as Investment Adviser to
certain entities and accounts.
General Electric Company
Item 3 If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act (15
U.S.C.78o)
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C.78c)
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act
(15 U.S.C.78c)
Page 6 of 14 pages
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(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940 (U.S.C.80a-8)
(e) [ ] An Investment Adviser in accordance with
ss.240.13-1(b)(1)(ii)(E)
(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance
with ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] A Parent Holding Company or Control Person in accordance
with ss.240.13d-1(b)(1)(ii)G)
(h) [ ] A Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act (U.S.C. 1813)
(i) [ ] A Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3)
(j) [X] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J)
Item 4 Ownership
GEPT GEIC GEIM GE
(a) Amount beneficially owned 882,000 2,600,952 914,822 0
(b) Percent of class 1.47% 4.33% 1.51% disclaimed
(c) No. of shares to which
person has
(i) sole power to vote or
direct the vote None 1,718,952 914,822 None
(ii) shared power to vote or
direct 882,000 882,000 None disclaimed
(iii) sole power to dispose
or to direct disposition None 1,718,952 914,822 None
(iv) share power to dispose
or to direct disposition 882,000 882,000 None disclaimed
Note: GEIM is the beneficial owner of the notes of the Issuer convertible
into 16,326 shares of Common Stock of the Issuer. The shares to be
acquired
Page 7 of 14 pages
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by GEIM upon conversion of the notes are included in the total
figure shown above.
Item 5 Ownership of Five Percent or Less of Class
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
Not applicable
Item 8 Identification and Classification of members of the Group
Not applicable
Item 9 Notice of Dissolution of Group
Not applicable
Item 10 Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held
in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
Page 8 of 14 pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 16, 1999
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment Corporation,
its Investment Manager
By: /s/ Michael M. Pastore
-----------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 9 of 14 pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 16, 1999
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
----------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 10 of 14 pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 16, 1999
GE INVESTMENT MANAGEMENT INCORPORATED
By: /s/ Michael M. Pastore
----------------------------------------
Name: Michael M. Pastore
Title: Vice President
Page 11 of 14 pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 16, 1999
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
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Name: John H. Myers
Title: Vice President
Page 12 of 14 pages
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Schedule I
JOINT FILING AGREEMENT
This will confirm the agreement by and between all the undersigned that
the Schedule 13G on or about this date and any amendments thereto with respect
to the beneficial ownership by the undersigned of shares of the Common Stock of
NTL, Inc. is being filed on behalf of each of the undersigned.
Dated: February 16, 1999
GENERAL ELECTRIC PENSION TRUST
By: General Electric Investment
Corporation, its Investment Manager
By: /s/ Michael M. Pastore
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Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC INVESTMENT CORPORATION
By: /s/ Michael M. Pastore
--------------------------------------
Name: Michael M. Pastore
Title: Vice President
GE INVESTMENT MANAGEMENT INCORPORATED
By: /s/ Michael M. Pastore
--------------------------------------
Name: Michael M. Pastore
Title: Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
--------------------------------------
Name: John H. Myers
Title: Vice President
Page 13 of 14 pages
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Schedule II
TRUSTEES OF GENERAL ELECTRIC PENSION TRUST
3003 Summer Street, P.O. Box 7900
Stamford, Connecticut 06904
The names of the Trustees of General Electric Pension Trust are as follows:
Eugene K. Bolton
Michael J. Cosgrove
Ralph R. Layman
Alan M. Lewis
Robert A. MacDougall
John H. Myers
Thomas J. Szkutak
Donald W. Torey
Page 14 of 14 pages
