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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| October 04, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TELECOM

NTL to take over Telewest Global

The $6 bil merger will create Britain's No. 2 telecom firm and the No. 1 residential broadband provider, with 5 mil residential phone and cable subscribers and $6 bil in annual revenue. Telewest shareholders will get $16.25 a share plus .115 NTL share for each Telewest share. NTL and Telewest will issue bonds worth $3.2 bil to finance the transaction. NTL fell 1% to 65.97. Telewest rose 1% to 23.17.

Spain telecom mulls $24 bil deal

Published reports say Spain's Telefonica is ready to buy Dutch telecom Royal KPN for $24.1 bil. Telefonica denied the report, and KPN declined comment. Telefonica is Spain's biggest telecom; KPN is the Netherlands' former state phone company. KPN rose 5.5% to 9.49. Telefonica ...

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