SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 28, 1998
COMCAST UK CABLE PARTNERS LIMITED
(Exact name of registrant as specified in its charter)
Bermuda 0-24792 Not applicable
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(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification No.)
Incorporation)
Clarendon House, 2 Church Street West
Hamilton, HM 11, Bermuda
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (441) 295-5950
<PAGE>
ITEM 5. Other Events.
On October 28, 1998, NTL Incorporated ("NTL") and Comcast UK Cable Partners
Limited (the "Company") announced that the Company had completed the sale of its
interest in Birmingham Cable Corporation Limited ("Birmingham Cable") to
Telewest Communications plc ("Telewest"), pursuant to the agreement announced on
August 17, 1998. Telewest paid (pound)127.5 million for the Company's share in
Birmingham Cable and for certain subordinated debt and fees owed by Birmingham
Cable to the Company. A further (pound)2.5 million is payable when the
amalgamation between the Company 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.
ITEM 7(c). Exhibits.
Exhibit No. Description
99.1 Press Release dated October 28, 1998 from NTL
Incorporated.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
COMCAST UK CABLE PARTNERS LIMITED
Dated: October 28, 1998 By: /s/ Arthur B. Block
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Arthur R. Block
Vice President and Senior Deputy
General Counsel
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Press Release dated October 28, 1998 from NTL
Incorporated
Exhibit 99.1
[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].
