UK cables buoyant in volatile telecom sector

In the troubled telecoms sector, cable companies have a healthier outlook than most, according to Philip Milburn, global co-ordinator of telecoms at Aegon Asset Management. Milburn says the share prices of companies such as Telewest and NTL have held up during recent volatility. For the year to 30 March 2001, Telewest has gained 10.9% while the FTSE All-Share has fallen 8.31%. He says: "Cable companies didn't get involved in the auction process for third generation licences and didn't have the costs of rollout associated with this." Milburn says the stocks that have suffered ...