Investors in a huff



Bondholders are in a strong position in the battle for control of Telewest, the heavily indebted UK cable company. A committee of bondholders have come together under the auspices of law firm Cadwalader, Wickersham & Taft to fight their corner and for once, they seem to have the upper hand.

The bondholders are looking to recoup as much value as possible after Telewest was forced into a balance sheet restructuring at the end of 2002. The cable company became overburdened with debt as it

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