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BSkyB to acquire Easynet broadband ISP

Discussion in 'Sky Broadband' started by Nick_UK, Oct 21, 2005.

  1. Nick_UK

    Nick_UK
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    "Satellite broadcaster BSkyB has begun its planned spending spree with the purchase of broadband internet provider Easynet for £211m ($373.1m).
    Earlier this month, BSkyB said it would embark on an acquisition drive after raising £1bn in a bonds issue.

    The Easynet takeover will help BSkyB move towards broadcasting some of its programmes via the internet. BSkyB said it would pay 175 pence in cash for each Easynet share, a 38% premium to Thursday's closing price.

    The deal means BSkyB will be able to offer customers 'triple-play' services such as broadband, television and telephony. The broadcaster will soon be pitching itself against its cable rivals NTL and Telewest, who have agreed to merge, as well as BT Group. "


    http://news.bbc.co.uk/2/hi/business/4363036.stm
     

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