Exhibit 99.1
NTL INCREASES QUARTERLY CASH DIVIDEND
London, England, August 29, 2006 – NTL Incorporated (NASDAQ: NTLI) today announces that its Board of Directors has approved the payment of a cash dividend for this quarter of $0.02 per share of the Company’s Common Stock. This is an increase of 100% from $0.01 per share since the initiation of a regular cash dividend last quarter. The payment will be made on September 20, 2006 to stockholders of record as of September 12, 2006.
About ntl Incorporated (NASDAQ: NTLI)
· On 4 July 2006 ntl Incorporated (the holding company of ntl:Telewest) completed its acquisition of Virgin Mobile.
· In March 2006 ntl and Telewest completed a merger creating the UK’s largest provider of residential broadband and leading provider of triple play services. The company operates under the name of ntl:Telewest and offers a range of communications and entertainment services to more than 5 million residential customers. The Company’s networks can service more than 12 million homes - 50% of UK households - and 85% of UK businesses.
· ntl:Telewest’s content division, Flextech Television provides television channels for the UK multichannel TV market and owns transactional channels price-drop TV, bid tv, speed auction tv and screenshop. Flextech owns 6 entertainment channels - LIVINGtv, LIVINGtv 2, Bravo, Challenge, Trouble, Ftn (plus their time shifted variants) and is a 50% partner in UKTV which consists of ten channels including UKTV Gold, UKTV Drama and UKTV History. Together Flextech and UKTV are the largest suppliers of basic channels to the UK pay-TV market.Further information about ntl:Telewest and its products can be found at www.ntl.com, www.telewest.co.uk, www.flextech.co.uk or www.virginmobile.com