By Mark Graham, 24 September 2001 08:30
NEWS France Telecom is bidding for NTL's broadcast transmission business. Despite crippling debts of around E65bn (£41bn), the French telecoms giant is keen to expand its own broadcast tower interest, TDF. The company may attempt to renegotiate around $2.5bn in stock and bond options invested in NTL to complete the deal, the Financial Times reports. NTL is hoping to raise between £1.2bn and £1.6bn through the sale of the division and has received two other bids from financial buyers. France Telecom owns a 24 per cent interest in NTL.
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