NTL, Britain's largest cable television operator which owns Cablelink, said yesterday its third-quarter losses almost trebled as spending on infrastructure peaked, but the New York-listed company saw sunshine on the horizon.

NTL said its net loss widened to $770.3 million (€898 million) from $278.1 million but sales doubled to $830.7 million from $417.1 million and earnings before interest, tax, depreciation and amortisation rose to $91.9 million from $65.4 million.