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) DECEMBER 22, 1998
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NTL INCORPORATED
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-22616 52-1822078
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
110 East 59th Street, New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (212) 906-8440
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
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On December 22, 1998, NTL Incorporated ("NTL") announced that it had
acquired Eastern Group Telecoms ("EGT") from Eastern Group plc for 91 million
pounds sterling.
EGT comprises two business divisions. The telecoms division utilizes a
1,800km SDH fibre-optic network across the SouthEast and East of England. The
radio sites division, consisting of 121 radio masts across East Anglia, serves
the UK's major mobile phone network operators.
EGT has headquarters in Ipswich and has 54 employees. EGT will operate as a
wholly owned subsidiary of NTL. Under the terms of the acquisition, NTL has paid
60 million pounds sterling in cash and 31 million pounds sterling in a new NTL
preferred stock which is redeemable for common stock or cash.
A copy of the press release referred to above is attached hereto as an
exhibit and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
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Exhibits
99 Press release issued December 22, 1998
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 thereunto duly authorized.
NTL INCORPORATED
(Registrant)
By: /s/ Richard J. Lubasch
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Name: Richard J. Lubasch
Title: Senior Vice President-
General Counsel
Dated: December 22, 1998
EXHIBIT INDEX
Exhibit Page
99 Press release issued December 22, 1998