You will be redirected back to your article in seconds

BSkyB logs on

Satcaster targets netco Easynet

LONDON — Blighty satcaster BSkyB looks set to strengthen its position against about-to-be merged U.K. cable combo NTL and Telewest by laying out up to $270 million for British Internet provider Easynet.

This will allow the satcaster, topped by James Murdoch, to match the merged entity’s triple play of broadband, video-on-demand and telephone.

A BSkyB spokesman declined to comment, saying only, “We tend to set the pace of change in media content and distribution.”

Easynet, whose first-half revenues surged 12% this year to $138 million, told the London stock exchange it had received an approach from an unnamed potential bidder, causing its stock price to soar by more than 30%.

Last week BSkyB, keen to proof itself against TV being broadcast via the Internet, announced that it had raised $1.8 billion in a bond issue and said that some of the coin could be used for acquisitions.

The satcaster’s Internet ambitions may extend beyond buying Easynet, whose high-speed connections reach around 4.4 million U.K. households. Other potential takeover targets are Pipex and Home Choice.

More Biz

  • Gibson, Iconic Guitar Company, Said to

    Gibson, Iconic Guitar Company, Said to Be Nearing Bankruptcy

    LONDON — Blighty satcaster BSkyB looks set to strengthen its position against about-to-be merged U.K. cable combo NTL and Telewest by laying out up to $270 million for British Internet provider Easynet. This will allow the satcaster, topped by James Murdoch, to match the merged entity’s triple play of broadband, video-on-demand and telephone. A BSkyB […]

  • David Glasser Fired by the Weinstein

    Weinstein Co. Board Fires COO David Glasser for Cause

    LONDON — Blighty satcaster BSkyB looks set to strengthen its position against about-to-be merged U.K. cable combo NTL and Telewest by laying out up to $270 million for British Internet provider Easynet. This will allow the satcaster, topped by James Murdoch, to match the merged entity’s triple play of broadband, video-on-demand and telephone. A BSkyB […]

  • Rules Don't Apply review

    Warren Beatty Sought Wider 'Rules Don't Apply' Release Despite Grim Test Screenings

    LONDON — Blighty satcaster BSkyB looks set to strengthen its position against about-to-be merged U.K. cable combo NTL and Telewest by laying out up to $270 million for British Internet provider Easynet. This will allow the satcaster, topped by James Murdoch, to match the merged entity’s triple play of broadband, video-on-demand and telephone. A BSkyB […]

  • Oh Seok-geun Korean Film Council

    New Leader Promises Reforms at Korean Film Council

    LONDON — Blighty satcaster BSkyB looks set to strengthen its position against about-to-be merged U.K. cable combo NTL and Telewest by laying out up to $270 million for British Internet provider Easynet. This will allow the satcaster, topped by James Murdoch, to match the merged entity’s triple play of broadband, video-on-demand and telephone. A BSkyB […]

  • SOUTH KOREA OUTMandatory Credit: Photo by

    Actress Choi Hee-seo Looks Forward to a Promising Career

    LONDON — Blighty satcaster BSkyB looks set to strengthen its position against about-to-be merged U.K. cable combo NTL and Telewest by laying out up to $270 million for British Internet provider Easynet. This will allow the satcaster, topped by James Murdoch, to match the merged entity’s triple play of broadband, video-on-demand and telephone. A BSkyB […]

  • The Prison Korean Cinema

    Korea's Box Office Faces a Drop in Admissions as Streaming Services Compete

    LONDON — Blighty satcaster BSkyB looks set to strengthen its position against about-to-be merged U.K. cable combo NTL and Telewest by laying out up to $270 million for British Internet provider Easynet. This will allow the satcaster, topped by James Murdoch, to match the merged entity’s triple play of broadband, video-on-demand and telephone. A BSkyB […]

  • Andy Lo Hong Kong Writer Director

    Ambitious Filmmaker Andy Lo Wants Success in Both Hong Kong and China

    LONDON — Blighty satcaster BSkyB looks set to strengthen its position against about-to-be merged U.K. cable combo NTL and Telewest by laying out up to $270 million for British Internet provider Easynet. This will allow the satcaster, topped by James Murdoch, to match the merged entity’s triple play of broadband, video-on-demand and telephone. A BSkyB […]

More From Our Brands

Access exclusive content