11.09.2006 17:05:00
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NTL Announces Appointment of Virgin's Gordon McCallum to Its Board of Directors
Gordon joined Virgin Management in 1998. He is a member of theGroup's Investment Advisory Committee, and works on all aspects ofVirgin Group's strategy. In particular, he spear-headed Virgin's pushinto wireless communications, resulting in the IPO of Virgin Mobile(UK) in 2004. NTL recently acquired Virgin Mobile in the U.K.
Steve Burch, NTL's Chief Executive Officer, said:
"We are delighted that Gordon McCallum has joined the NTL Board.Gordon brings with him a wealth of experience and expertise, and hisappointment is another encouraging step towards the full integrationof ntl:Telewest and Virgin Mobile.
Gordon McCallum said:
"I am pleased to have joined the NTL Board. It is an exciting timefor all of us and I am looking forward to playing a full part inensuring the future success of the newly merged company."
In light of Mr. McCallum's association with Virgin, hisappointment will cause the Company temporarily to become noncompliantwith a listing rule of the Nasdaq Global Select Market, on which theCompany's shares are listed. The rule requires the Company's Board tobe comprised of a majority of independent directors. The Companyintends to resume compliance with this requirement by the deadline setby Nasdaq, which the Company anticipates will be December 2006, eitherby appointment of an additional independent director or by securingthe resignation of an existing director.
Notes to Editors - about ntl:Telewest
On 3 March 2006 NTL Incorporated completed a merger with TelewestGlobal, Inc., creating the UK's largest provider of residentialbroadband and the UK's leading provider of triple play services. Thecompany recently completed its acquisition of Virgin Mobile. NTLoffers a wide range of communications and entertainment services tomore than 5 million residential customers. ntl:Telewest networks canservice more than 12 million homes - 50% of UK households.
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