Telewest advisory role yields equity mandate for SSSB

Schroder Salomon Smith Barney (SSSB) won an equity capital markets mandate to sell Telewest's £45.1m (€70.5m) stake in SMG off the back of its role as adviser to the UK cable TV operator's debt-for-equity restructuring.

One banker close the deal said: "We presented the company with a number of options for disposal of the block."

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