RE: Waiver to Credit Agreement dated May 13, 2002

99.2

May 25, 2003

Cabletel Communications Corp.
000 Xxxxxxx Xxxx
Xxxxxxx, Xxxxxxx
X0X 0X0

By Fax: (000) 000 0000 (1 page)

Attn: Mr. Xxx Xxxxxx, C.A., C.P.A. (EVP and CFO)

RE: Waiver to Credit Agreement dated May 13, 2002

LaSalle Business Credit, a division of ABN AMRO Bank N.V., Canada Branch (“LaSalle”) wishes to advise of the following waiver to the Credit Agreement between Cabletel Communications Corp. (“Borrower”) and XxXxxxx, dated May 13, 2002 (the “Credit Agreement”) as amended.

LaSalle waives the requirement, under paragraph 10(o)(iv) of the Credit Agreement, for Borrower to maintain a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the Fiscal Quarter Ended March 31, 2003.

This waiver is subject to the provisions of the Credit Agreement relating to waivers. This waiver applies only to the specific item and only as at the date referred to in this letter. All other terms and conditions of the Credit Agreement remain unchanged.

Yours very truly,

Xxxxx Xxxx
Vice President Xxxxx Xxxxxx
Senior Vice President