BSkyB in talks with Easynet

17 Oct 2005

UK pay-TV giant BSkyB is in talks with Easynet Group which may lead to a bid being tabled for the company and its ISP, UK Online. Last week BSkyB announced plans to issue a GBP1 billion bond, fuelling speculation that at least half of the proceeds will be ploughed into entering the high speed internet market. According to reports, BSkyB would be prepared to pay as much as GBP150 million for Easynet, which has a strong presence in the UK market and has made a considerable investment in local loop unbundling. A purchase would allow Rupert Murdoch’s company to offer a package of phone service, broadband internet access and pay-TV to rival cable triple play providers.

United Kingdom