Sources Friday confirmed a report in the Financial Times that said
Liberty Media Group and NTL Inc. have held exploratory talks on a joint venture
that would roll out high-speed-data services in Europe.
NTL confirmed the talks but didn't provide additional details.
A pact would create a stronger link between three of Europe's largest cable
investors, as Liberty is currently closing a deal to take a big stake in United
Pan-Europe Communications N.V. (UPC), the continent's largest private MSO.
Liberty also owns a stake in UPC parent UnitedGlobalCom Inc. and about
one-quarter of British MSO Telewest Communications plc.