1 Exhibit 99.1 NTL INCORPORATED ANNOUNCE NTL COMMUNICATIONS CORP. OFFERING OF EURO 200 MILLION OF SENIOR NOTES NEW YORK, Jan. 15/PRNewswire/ -- NTL Incorporated (NYSE: NLI - news; Easdaq: NTLI) announced today that its wholly-owned subsidiary NTL Communications Corp. was offering up to Euro 200 million in an offering of seven year Euro senior notes (the "Notes"). The Notes are expected to carry a cash-pay current coupon. Of the proceeds from the offering, approximately half will be used to reduce commitments under the NTL Communications Limited 1,300 million pounds sterling (pounds) credit agreement, which was put in place at the time of the acquisition of the residential cable, business cable, indirect residential telephony, residential internet and digital television development and services business of Cable & Wireless Communications plc. The remainder will be used to finance construction, capital expenditure, working capital requirements and for general corporate purposes. The Notes will not have been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Notes will be offered and sold within the United States under Rule 144A only to "qualified institutional buyers" and outside the United States in accordance with Regulation S under the Securities Act. FOR FURTHER INFORMATION, PLEASE CONTACT: IN THE U.S.: John F. Gregg, Senior Vice President -- Chief Financial Officer Richard J. Lubasch, Executive Vice President -- General Counsel Bret Richter, Vice President -- Corporate Finance and Development Amy Minnick, Investor Relations Tel: (212) 906-8440, or via e-mail at investor_relations@ntli.com IN THE UK: Alison Kirkwood Tel: +44 1256 752 662 Malcolm Padley Tel: +44 1256 752 664 Will Robson Tel: +44 1256 752 661