Cash injection key to NTL future

NEWS Troubled cable company NTL is understood to be the verge of hiring Credit Suisse First Boston to help it sell off a stake in the firm and stave off bankruptcy. According to this morning's Daily Telegraph hiring Credit Suisse would be a prelude to a vital cash injection. Likely investors include Liberty Surf, which owns 25 per cent of the UK's other cable interest Telewest, and AOL Time Warner. NTL has debts of $20bn but with three million customers and healthy cash flows, boss Barclay Knapp is confident of nursing his firm back to economic strength without having to resort to Chapter 11 financial protection.