UK: BSkyB plots Easynet takeover to head off its cable competitors
Julia Kollewe writes in The Independent UK:
British Sky Broadcasting is poised to enter the high-speed Internet market with the £150m takeover of the broadband supplier Easynet. Sources close to the two companies said they were in "serious discussions" and the takeover could be announced as soon as this week, although they cautioned that it was by no means a "done deal".
BSkyB has made no secret of its desire to move into the rapidly growing broadband telephony market, as it seeks to fend off increasing competition from its cable TV rivals. The deal would turn the satellite broadcaster into a direct rival to BT, AOL and Wanadoo. It is thought that BskyB would pay up to £150m for Easynet. One source said: "If the price is right, a deal is to be done."
The acquisition would allow BSkyB to offer a "triple play" of pay-TV, broadband internet access and telephone services to its customer base of nearly 8 million subscribers.
posted by Fergie @ 10/17/2005 11:35:00 AM
1 Comments:
It's been announced that a takeover offer is official. It'll be interesting to see what the impact will be on business users, which I've posted about here.
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