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Weil Gotshal & Manges acted for Telewest on its £428m acquisition of NTL’s stake in Cable London. The deal, which saw Telewest acquire the 50% of NTL it did not already own, involved a rights issue and a subscription agreement. The Weil Gotshal team was led by capital markets partner Michael Brady. Telewest was also represented by Freshfields corporate partner Gareth Stephenson. Sullivan & Cromwell, led by London office partner Stewart Robertson, and Lovell White Durrant, led by Richard Upland, advised Microsoft, which is taking a share in Telewest. Denton Hall corporate partner Philip Goodwin and Amy Hirter of Sherman & Howard in New York advised Telewest shareholder Liberty Media.

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