Page "NTL Incorporated" Paragraph 11

Despite NTL Ireland turning a profit, in May 2005, NTL sold their Dublin, Galway, and Waterford cable business ( which they had acquired in 1999 for € 825 million from the Irish government ) to UGC Europe for € 325 million — this after having spent in excess of € 100 million on network infrastructure ( i. e. making a gross loss of € 500 million-more than 50 %-over what they paid ).

As of September 2006 Liberty continues to use the NTL brand in Ireland, but analysts predict that UPC will eventually replace the branding.