Investors cautiously optimistic about cable


The plight of increasingly cash-strapped UK operator NTL may be grabbing the headlines at the moment, but European high yield cable companies could offer investors prepared to do their credit homework some attractive investment opportunities in 2002.

While there has been some contagion from cable operators that have been, or are likely to be, forced to restructure, this means that at the moment some solid companies are still trading at very substantial discounts to par. “There is a lot of bad

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