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) MAY 8, 1997
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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 May 8, 1997, NTL Incorporated (formerly International CableTel
Incorporated (the "Company")) announced that a wholly-owned subsidiary has
entered into an agreement with United News & Media plc ("United") relating to
Digital Television Network Limited ("DTN"), an indirect wholly-owned subsidiary
of the Company which submitted applications to the Independent Television
Commission ("ITC") for licenses to operate one or more digital terrestrial
multiplexes under the Broadcasting Act 1996 ("DTT Licenses"). Under this
agreement, United would, at the option of either NTL or United exercisable if
the ITC notifies DTN that it is proposing to grant one or more DTT Licenses to
DTN, subscribe for 30% of the equity of DTN. The remaining shares would be
subscribed by a subsidiary of NTL.
The agreement with United is conditional upon the ITC's grant of one or
more DTT Licenses.
DTN's applications for DTT Licenses and the agreement with United are
currently being considered by the ITC and there can be no assurances that DTN's
applications will ultimately be successful.
A copy of the press release issued by the Company announcing the 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 May 8, 1997.
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.
NTL INCORPORATED
(Registrant)
By: /s/ George S. Blumenthal
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Name: George S. Blumenthal
Title: Chairman of the Board and Treasurer
Dated: May 8, 1997
EXHIBIT INDEX
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Exhibit Page
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99 Press Release issued May 8, 1997.