BSkyB plans to buy into broadband

Satellite broadcaster BSkyB is understood to be planning to use up to £1bn to
buy its way into the broadband telephony market in a direct challenge to the
former telecoms monopoly BT.

The move would allow the satellite firm controlled by Rupert Murdoch to offer
a package of phone service, broadband internet access and pay TV. In order to
achieve this, Sky is understood to be considering buying one of the
fast-growing broadband service providers. Any acquisition is likely to cost
more than half of the £1bn Sky plans to raise by issuing a corporate bond. The
bond issue, announced on Tuesday, surprised the City.

Sky's potential acquisition targets include Homechoice, a
TV-over-your-phoneline service, and broadband suppliers Easynet and Pipex.

Full article:
http://media.guardian.co.uk/broadcas...591016,00.html



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