Page "NTL Incorporated" Paragraph 8

After exiting from Chapter 11 protection NTL produced an operating profit.

In 2004 it announced plans to split the broadcasting division off from the main company.

In December 2004 NTL sold its broadcast-unit to a consortium led by Macquarie Communications Infrastructure Group ( MCG ) for £ 1. 27 billion.

( Macquarie renamed the division Arqiva in May 2005.

) This sale allowed NTL to focus on its " core businesses " of providing communications packages and cable services.