-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Wfc1aVoBUONFUCdole6HAPZcUS9Wmrce021Br39YxcXIy8VO3RTivW00ECVQccfW YXIDEbvsFCDoT2WEN+pd6g== 0000906347-97-000010.txt : 19971022 0000906347-97-000010.hdr.sgml : 19971022 ACCESSION NUMBER: 0000906347-97-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971020 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971021 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: NTL INC /DE/ CENTRAL INDEX KEY: 0000906347 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 521822078 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22616 FILM NUMBER: 97698516 BUSINESS ADDRESS: STREET 1: 110 E 59TH ST STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2129048440 MAIL ADDRESS: STREET 1: 110 EAST 59TH STREET STREET 2: 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL CABLETEL INC DATE OF NAME CHANGE: 19930601 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------------------------- 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) OCTOBER 20, 1997 NTL INCORPORATED ----------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-22616 52-1822078 ----------------------------------------------------------------- (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification No.) Incorporation) 110 East 59th Street, New York, New York 10022 ----------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, including area code (212)906-8440 ----------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On October 20, 1997, NTL Incorporated (formerly International CableTel Incorporated (the "Company")) announced its preliminary operating statistics for its residential services for the three months ended September 30, 1997. The Company expects to release its full 3rd quarter financial results during the week of November 10, 1997 and will hold a conference call at that time. Commenting on the Company's results, Barclay Knapp, Chief Executive Officer, said: "Our third quarter operating statistics further demonstrate the significant success of the Company's marketing programs, as our customers continued to ratify our combined telephone and television product offering. In the third quarter alone, our telephone and cable penetration rates each increased by nearly 2.5% as we added nearly 44,000 customers, while annualized churn remained at an industry-low 10.4%. We are extremely proud of these results, and look forward to further success during the rest of 1997 and going forward." NTL's operating performance continues to exceed estimated industry averages. As of September 30, 1997: - Residential telephone penetration increased to 35.9% from 30.6% a year ago. - Residential cable television penetration increased to 36.4% from 30.9% a year ago. - Combined penetration ("RGU" penetration) increased to 72.3% from 61.5% a year ago. - Annualized RGU churn was approximately 10.4% in the third quarter. As of September 30, the Company had more than 286,000 customers subscribing to approximately 540,000 services. Approximately 38% of all residences marketed by the Company are taking at least one service and more than 88% of those customers are taking both services. The Company has now marketed services to approximately 78% of the homes passed by its new networks, up from approximately 56% a year ago. As of September 30, 1997, the Company had constructed its new dual service network past approximately 957,000 homes in its franchise areas, representing approximately 46% of its nearly 2.1 million total homes. NEWLY CONSTRUCTED DUAL NETWORK September 30, December 31, September 30, 1997 1996 1996 Homes passed 957,000 779,100 694,400 Homes marketed 746,700 467,300 390,800 Total customers 286,600 168,200 135,300 Dual 253,100 133,800 105,155 Telephony-only 14,900 15,950 14,545 Cable-only 18,600 18,450 15,600 Total RGUs (1) 539,700 302,000 240,455 RGU penetration 72.3% 64.6% 61.5% Telephone penetration 35.9% 32.0% 30.6% Cable penetration 36.4% 32.6% 30.9% (1) An RGU (revenue generating unit) is one cable television account or one telephone account; a dual customer generates two RGUs. NTL Incorporated is a leading alternative telecoms services company in the United Kingdom. The Company offers a variety of communications services through five major business segments: Through its Local Telecoms and Television Services division, the Company is the UK's third largest operator of telephony/cable television systems and offers customers residential telephony, business telecommunications and cable television services over integrated high capacity networks located in six franchise areas. The National Telecoms Services division operates a national telecommunications network, which is being integrated with the Company's local broadband networks and provides national telecoms, radio communications and satellite services. Through its Broadcast Services, Internet and Information Services, and New Media Services divisions, the Company offers national television and radio broadcast transmission services, national internet services, and other related programming and content services. 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 Exhibits 99 Press Release issued October 20, 1997. 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 Name: Richard J. Lubasch Title: Senior Vice President- General Counsel Dated: October 20, 1997 EXHIBIT INDEX Exhibit Page 99 Press Release issued October 20, 1997. EX-99 2 EXHIBIT 99 EXHIBIT 99 [LOGO OF NTL INCORPORATED] FOR IMMEDIATE RELEASE NTL INCORPORATED ANNOUNCES PRELIMINARY OPERATING STATISTICS FOR THIRD QUARTER 1997 New York, New York (October 20, 1997) - NTL INCORPORATED (NASDAQ: NTLI; EASDAQ: NTLI.ED) announced today its preliminary operating statistics for its residential services for the three months ended September 30, 1997. The Company expects to release its full 3rd quarter financial results during the week of November 10, 1997 and will hold a conference call at that time. Commenting on the Company's results, Barclay Knapp, Chief Executive Officer, said: "Our third quarter operating statistics further demonstrate the significant success of the Company's marketing programs, as our customers continued to ratify our combined telephone and television product offering. In the third quarter alone, our telephone and cable penetration rates each increased by nearly 2.5% as we added nearly 44,000 customers, while annualized churn remained at an industry-low 10.4%. We are extremely proud of these results, and look forward to further success during the rest of 1997 and going forward." NTL's operating performance continues to exceed estimated industry averages. As of September 30, 1997: - Residential telephone penetration increased to 35.9% from 30.6% a year ago. - Residential cable television penetration increased to 36.4% from 30.9% a year ago. - Combined penetration ("RGU" penetration) increased to 72.3% from 61.5% a year ago. - Annualized RGU churn was approximately 10.4% in the third quarter. As of September 30, the Company had more than 286,000 customers subscribing to approximately 540,000 services. Approximately 38% of all residences marketed by the Company are taking at least one service and more than 88% of those customers are taking both services. The Company has now marketed services to approximately 78% of the homes passed by its new networks, up from approximately 56% a year ago. As of September 30, 1997, the Company had constructed its new dual service network past approximately 957,000 homes in its franchise areas, representing approximately 46% of its nearly 2.1 million total homes. NTL INCORPORATED October 20, 1997 Page 2 NEWLY CONSTRUCTED DUAL NETWORK September 30, December 31, September 30, 1997 1996 1996 Homes passed 957,000 779,100 694,400 Homes marketed 746,700 467,300 390,800 Total customers 286,600 168,200 135,300 Dual 253,100 133,800 105,155 Telephony-only 14,900 15,950 14,545 Cable-only 18,600 18,450 15,600 Total RGUs (1) 539,700 302,000 240,455 RGU penetration 72.3% 64.6% 61.5% Telephone penetration 35.9% 32.0% 30.6% Cable penetration 36.4% 32.6% 30.9% (1) An RGU (revenue generating unit) is one cable television account or one telephone account; a dual customer generates two RGUs. NTL Incorporated is a leading alternative telecoms services company in the United Kingdom. The Company offers a variety of communications services through five major business segments: Through its Local Telecoms and Television Services division, the Company is the UK's third largest operator of telephony/cable television systems and offers customers residential telephony, business telecommunications and cable television services over integrated high capacity networks located in six franchise areas. The National Telecoms Services division operates a national telecommunications network, which is being integrated with the Company's local broadband networks and provides national telecoms, radio communications and satellite services. Through its Broadcast Services, Internet and Information Services, and New Media Services divisions, the Company offers national television and radio broadcast transmission services, national internet services, and other related programming and content services. * * * * * * For further information contact: In the U.S.: Michael A. Peterson, Director Corporate Development or Richard J. Lubasch, Senior Vice President General Counsel at (212) 906-8440; in the UK: Alison Smith at (01252) 402662; or via e-mail at investor_relations@ntli.com. -----END PRIVACY-ENHANCED MESSAGE-----