BSkyB ties up Easynet deal

21 Oct 2005

UK pay-TV giant BSkyB has agreed to purchase the Easynet Group including its ISP UK Online for GBP211 million (USD372.1 million), just days after it was first reported to be eyeing the company. Last week BSkyB announced plans to issue a GBP1 billion bond, fuelling speculation that at least half of the proceeds would be ploughed into entering the high speed internet market. Easynet has a strong presence in the UK market and has made a considerable investment in local loop unbundling. The purchase will mean Rupert Murdoch’s company can begin to offer a package of phone service, broadband internet access and pay-TV to rival cable triple play providers.

United Kingdom