SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
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Check the appropriate box:
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(as permitted by Rule 14a-6(e)(2)
[ ] Definitive Proxy Statement
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COMCAST UK CABLE PARTNERS LIMITED
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(Name of Registrant as Specified In Its Charter)
NTL INCORPORATED
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11:
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[NTL INCORPORATED LETTERHEAD]
For Immediate Release
PRESS RELEASE
NTL INCORPORATED AND COMCAST UK CABLE PARTNERS LIMITED
ANNOUNCE THE CLOSING OF THE SALE OF COMCAST UK'S INTEREST
IN BIRMINGHAM CABLE
New York, New York (October 28, 1998) - NTL Incorporated (Nasdaq: NTLI;
Easdaq: NTLI.ED) and Comcast UK Cable Partners Limited (Nasdaq: CMCAF) announced
today that Comcast UK had completed the sale of its interest in Birmingham Cable
Corporation Limited to Telewest Communications plc, pursuant to the agreement
announced on August 17, 1998. Telewest paid (pound)127.5 million for Comcast
UK's share in Birmingham Cable and for certain subordinated debt and fees owed
by Birmingham Cable to Comcast UK. A further (pound)2.5 million is payable when
the amalgamation between Comcast UK and an NTL subsidiary becomes effective.
A shareholders' meeting with respect to the amalgamation is scheduled for
Thursday, October 29, 1998 and it is anticipated that the amalgamation will take
place shortly thereafter.
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For further information, contact: In the U.S.: John F. Gregg, Managing
Director - Corporate Development, Michael A. Peterson, Director - Corporate
Development, or Richard J. Lubasch, Senior Vice President - General Counsel, at
(212) 906-8440; in the U.K.: Bret Richter, Director - Corporate Development, at
(0171) 227-8700 or Alison Smith, Group Communications, at (01252) 402662; or via
e-mail: [email protected].
