SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------------------------------------
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) NOVEMBER 7, 2002
----------------
NTL COMMUNICATIONS CORP.
-------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 0-22616 52-1822078
- -------------------------------------------------------------------------------
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
110 East 59th Street, New York, New York 10022
- -------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (212) 906-8440
--------------
-------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. PAGE
- ------- ---------------------------------- ----
Exhibits
99.1 Media release, dated November 7, 2002.
The full text of the Media Release is attached to this report as Exhibit 99.1.
ITEM 9. REGULATION FD DISCLOSURE.
- ------- -------------------------
On November 7, 2002, NTL (the Company) issued a media release announcing that
Stephen Carter, Managing Director and Chief Operating Officer of NTL UK and
Ireland, has decided to leave the Company at the end of this year following
NTL's expected completion of its recapitalisation and emergence from
US Chapter 11 and the successful completion of his operational objectives.
SIGNATURES
----------
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.
NTL COMMUNICATIONS CORP.
(Registrant)
By: /s/ Richard J. Lubasch
---------------------------------
Name: Richard J. Lubasch
Title: Executive Vice President -
General Counsel
Dated: November 7, 2002
EXHIBIT INDEX
-------------
Exhibit
- -------
99.1 Media release, dated November 7, 2002
Exhibit 99.1
NTL LOGO
Media Release
NTL'S UK MANAGING DIRECTOR AND COO
STEPHEN CARTER TO LEAVE AT YEAR END
New York, November 7, 2002 - NTL Incorporated (OTC BB: NTLD; NASDAQ Europe:
NTLI), announced today that Stephen Carter, Managing Director and Chief
Operating Officer of NTL UK and Ireland, has decided to leave the Company at the
end of this year following NTL's expected completion of its recapitalisation and
emergence from US Chapter 11 and the successful completion of his operational
objectives.
Stephen joined NTL from his position as CEO of J Walter Thompson UK Group. Since
that time he has focused on integrating CWC Consumer Co into the business,
improving operating efficiencies and reducing costs. During this period NTL has
also become operating cash flow positive and established a market leadership
position in broadband services.
Barclay Knapp, President and CEO of NTL said "Over the past two years Stephen
has achieved a great deal at NTL. We are now the clear leader in broadband with
40% market share and our EBITDA margin has increased from 11% in 2000 to 28% in
our latest quarterly results. I am sad to see Stephen go and I wish him well.
The UK management team and I are now well situated to emerge from our
recapitalisation process and re-establish ourselves in the competitive
marketplace."
Stephen Carter said "We have achieved an enormous amount over the last two
years, delivering broadband leadership and positive operating cash flow. With
Barclay now based in the UK and returning to full-time operations, and with NTL
on track to emerge from US Chapter 11 in November I feel the time is right to
move on."
more ....
Contacts:
Media: Analysts:
NTL NTL
Tim Ryan/Alison Kirkwood Tamar Gerber
44-1256-752662 1-212-906-8451
44-7788-186154 Virginia Ramsden
44-207-909-2144
Buchanan Communications
Richard Oldworth
44-207-466-5000