NTL, the UK's largest cable company, yesterday said its first-quarter loss from continuing operations narrowed after it added 32,800 subscribers to its network.
However, chief executive Simon Duffy refused to discuss the company's strategic plans regarding its UK rival Telewest.
Analysts and investors expect the companies to merge in order to compete more effectively with dominant subscription-TV firm BSkyB, and according to sources, Telewest is meeting investment banks this week to select an adviser for talks.
Mr Duffy said: "We don't comment on rumour or speculation. I won't have any comment to make on Telewest."
NTL announced on Monday that it has agreed to sell its cable business in the Republic of Ireland to UnitedGlobal-Com for 325 million euros (£221 million) - a deal analysts said would clear the way for the long-expected merger.
It is advised by Goldman Sachs, who brokered the sale of the Irish operations and, earlier, subsidiary NTL Broadcast, sold in December last year to a consortium led by Australia's Macquarie Communications Group.
"Goldman has done a very good job for us on Ireland and Broadcast," Mr Duffy said.
The telephone, TV and internet service provider said its loss from continuing operations narrowed to £62.6 million from a loss of £75.5 million in the year-ago period.
Revenue was up 0.7 per cent to £517.3 million.