BSkyB reports 3Q results; Tiscali UK acquisition mooted

3 Nov 2008

British triple-play provider BSkyB has announced its financial results for the three months ended 30 September 2008, reporting a drop in net profit for the three-month period to GBP73 million (USD117 million), down from GBP84 million for the same period last year. Operating profit however increased for the quarter, up 21% to GBP182 million, while revenues also climbed 5% to hit GBP1.25 billion. Despite the drop in net profit the operator, and the stagnation of the British economy, BSkyB reiterated its target of ten million subscribers by the end of 2010, revealing that it had added 87,000 new customers over the three months, its best quarterly adds for five years, bringing its total subscriber base to 9.07 million.

In separate but related news, ISPreview, citing a report from British broadsheet The Times, is reporting that BSkyB has entered exclusive acquisition talks with Tiscali UK, after Vodafone pulled out. If a deal could be struck it could see BSkyB grab an additional 3.6 million broadband customers, and it is estimated that any agreement would be worth approximately GBP450 million.

United Kingdom, Sky, Tiscali UK