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) SEPTEMBER 3, 1996
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INTERNATIONAL CABLETEL 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)371-3714
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
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On September 3, 1996 International CableTel Incorporated ("CableTel")
announced that it had acquired the remaining 30% minority interest of English
Cable Enterprises, Inc. ("ECE") that it did not own. ECE owns and operates
through subsidiaries four telecommunications and cable television franchises in
the Northern suburbs of London (Central and East Hertfordshire and South and
North Bedfordshire). These franchises comprise approximately 348,600 franchised
homes.
In the transaction, CableTel exchanged 1.415 million shares of its common
stock for the remaining stock interest in ECE that was held by ECE's minority
partners. Resale of the 1.415 million shares issued in the transaction is
generally restricted such that (subject to compliance with the securities laws)
25% of the shares are eligible for sale commencing March 4, 1997, with the
remaining shares being eligible for sale commencing September 4, 1998. Following
the transaction, CableTel has outstanding approximately 32 million shares of
common stock and approximately 21.9 million shares are reserved for issuance
upon the exercise of options, warrants and the conversion of convertible
securities.
A copy of the press release issued by the Company announcing the above is
attached hereto as an exhibit and incorporated herein by reference.
Also, on August 7, 1996, Andrew Sukawaty resigned as Vice President-NTL of
CableTel. Prior to CableTel's acquisition of NTL earlier this year, Mr.
Sukawaty was NTL's Chief Executive Officer.
Item 7. Financial Statements and Exhibits
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Exhibits
99 Press Release issued September 3, 1996.
SIGNATURES
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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.
INTERNATIONAL CABLETEL INCORPORATED
(Registrant)
By: \s\ Richard J. Lubasch
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Name: Richard J. Lubasch
Title: Senior Vice President-General Counsel
Dated: September 3, 1996
EXHIBIT INDEX
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Exhibit Page
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99 Press Release issued on September 3, 1996.