Shareholders OK NTL-Telewest Combo

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The $6 billion merger between NTL Inc. and Telewest Global Inc. moved one step closer.

The two U.K.-based MSOs said their stockholders voted by an overwhelming margin to approve the transaction. Each company said approximately 99% of shares voted signed off on the deal.

The agreement, announced in October, joins the two largest cable operators in Britain.

NTL and Telewest said they expect the transaction to close on or around March 3.