UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
International CableTel, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
459216107
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(CUSIP Number)
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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 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>
SCHEDULE 13G
CUSIP No. 459216107
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
General Electric Investment Corporation, as Investment Adviser to certain
entities and accounts
I.R.S. #22-2152310
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2 Check the Appropriate Box If a Member of a Group* 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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5 Sole Voting Power
Number of
Shares 2,828,824
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
2,828,824
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,828,824
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
8.8% (11.1% if aggregated with the shares owned by GE Investment
Management Incorporated)
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 12 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 459216107
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GE Investment Managment Incorporated, as Investment Adviser to certain
entities and accounts
(I.R.S. #06-1238874)
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2 Check the Appropriate Box If a Member of a Group* 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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5 Sole Voting Power
Number of
Shares 712,131
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
712,131
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
712,131
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
2.2% (11.1% if aggregated with the shares owned by General Electric
Investment Corporation)
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12 Type of Reporting Person*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 12 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 459216107
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
General Electric Company
(I.R.S. #14-0689340)
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2 Check the Appropriate Box If a Member of a Group* 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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5 Sole Voting Power
Number of
Shares Disclaimed (see 9 below)
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 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
Disclaimed (see 9 below)
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
Not applicable
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12 Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 12 Pages
<PAGE>
INTRODUCTORY NOTE: General Electric Investment Corporation ("GEIC"), as an
Investment Adviser (registered under the Investment Advisers Act of 1940) to
certain entities and accounts, may be deemed to be a beneficial owner of
1,680,000 shares of Common Stock owned by such entities or accounts. GE
Investment Management Incorporated ("GEIM"), as an Investment Adviser
(registered under the Investment Advisers Act of 1940) to certain entities and
accounts, may be deemed to be a beneficial owner of 371,102 shares of Common
Stock owned by such entities or accounts. Collectively, GEIC and GEIM
beneficially own 2,051,102 shares of Common Stock, which is 11.1% of the
outstanding shares of Common Stock. GEIC and GEIM each expressly disclaim
beneficial ownership of Shares of Common Stock owned by filing persons other
than itself. GEIC and GEIM expressly disclaim that they are members of a
"group". General Electric Company, a New York corporation, disclaims beneficial
ownership of all shares. General Electric Company expressly disclaims that it is
a member of a "group".
Item 1(a) Name of Issuer
International CableTel, Inc.
Item 1(b) Address of Issuer's Principal Executive Office
110 East 59th Street
26th Floor
New York, New York 10022
Item 2(a) Name of Person Filing
General Electric Investment Corporation ("GEIC"),
as Investment Adviser to certain entities and
accounts
GE Investment Management Incorporated ("GEIM"), as
Investment Adviser to certain entities and
accounts
General Electric Company (see Schedule 1)
Item 2(b) Address of Principal Business Office
The address of the principal offices of General Electric Investment
Corporation and GE Investment Management Incorporated is 3003 Summer
Street, Stamford, Connecticut 06904. The address of the principal
offices of General Electric Company is 3135 Easton Turnpike,
Fairfield, Connecticut 06431.
Page 5 of 12 Pages
<PAGE>
Item 2(c) Citizenship
General Electric Investment Corporation - Delaware
GE Investment Management Incorporated - Delaware
General Electric Company - New York
Item 2(d) Title of Class of Securities
Common Stock
Item 2(e) CUSIP Number
459216107
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section
15 of the Act
(b) [ ] Bank as defined in Section 3(a) of the
Act
(c) [ ] Insurance Company as defined in Section
3(a)(19) of the Act
(d) [ ] Investment Company registered under
Section 8 of the Investment Company Act
(e) [ ] Investment Adviser registered under
Section 203 of the Investment Advisers
Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see ss.240.13d-
1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance
with ss.240.13d-1(b)(ii)(G) (Note: See Item
7)
(h) [X] Group, in accordance with ss.240.13d-
1(b)(1)(ii)(H)
Item 4 Ownership
(see cover pages and introductory note)
Page 6 of 12 Pages
<PAGE>
Item 5 Ownership of Five Percent of Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ].
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
Page 7 of 12 Pages
<PAGE>
Item 10 Certification
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of
and do not have the effect of changing or influencing the control of
the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purposes or
effect.
February 14, 1997 GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
---------------------------------------
Alan M. Lewis
Executive Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
---------------------------------------
Alan M. Lewis
Executive Vice President
GENERAL ELECTRIC COMPANY
BY: /s/ John H. Myers
---------------------------------------
John H. Myers
Vice President
<PAGE>
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.
February 14, 1997 GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
---------------------------------------
Alan M. Lewis
Executive Vice President
<PAGE>
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.
February 14, 1997 GE INVESTMENT MANAGEMENT
INCORPORATED, as
Investment Adviser to certain
entities and accounts
By: /s/ Alan M. Lewis
---------------------------------------
Alan M. Lewis
Executive Vice President
<PAGE>
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.
February 14, 1997 GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
---------------------------------------
John H. Myers
Vice President
<PAGE>
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
International CableTel, Inc. is being filed on behalf of each of the
undersigned.
GENERAL ELECTRIC INVESTMENT
CORPORATION, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
---------------------------------------
Alan M. Lewis
Executive Vice President
GE INVESTMENT MANAGEMENT
INCORPORATED, as Investment Adviser
to certain entities and accounts
By: /s/ Alan M. Lewis
---------------------------------------
Alan M. Lewis
Executive Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
---------------------------------------
John H. Myers
Vice President
