According to a report in The Times, it is understood that Duffy is looking to depart from the company on the back of its £962m merger with Virgin Mobile, which was completed in July to create the UK's second-largest telecommunications company behind BT.
Duffy stood aside as chief executive earlier this year when he was replaced by Steve Burch. Duffy could leave with up to £16m in shares and severance. This comes at a time when the cable giant is proposing to slash up to 6,000 jobs, some compulsory, by the end of 2007.
He joined NTL in April 2003 as chief operating officer and was appointed chief executive officer in August 2003. Prior to joining NTL, Duffy was chief financial officer of Orange and before that had been chief executive officer of Denmark-based wireless data company End2End.
He joined End2End from internet service provider World Online where, as chief executive officer and deputy chairman, he led the company's IPO and subsequent sale to Tiscali.
The merger means that the company will now combine services to offer customers what has been dubbed a 'quadruple-play' of television, internet, mobile and landline services.
The two will continue to operate as separate entities until early 2007, when they will start marketing under the Virgin brand. NTL insisted that there would be no change to the services or terms and conditions of either company's customers until then.
In May NTL reported revenue figures for the first quarter of 2006 of £611m, up £127m on the final quarter of 2005.
A spokeswoman for NTL Telewest refused to comment on speculation that Duffy was due to leave the company.
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