Murdoch's BSkyB buys Easynet for $373.1 million

MUMBAI: Rupert Murdoch-controlled UK satellite broadcaster British Sky Broadcasting has finally sealed the acquisition of high-speed internet provider Easynet Group. BSkyB has bought the telecom firm for $373.1 million.

The acquisition allows BSkyB to offer broadband, video-on-demand and telephony services, allowing it to compete more directly with cable firms NTL and Telewest, as well as British Telecom. BSkyB wanted to acquire a broadband telco and is prepared to invest in Local Loop Unbundling (LLU) in a bid to provide phone and broadband services to its direct to end users.

Media reports had earlier quoted BSkyB chief executive James Murdoch as saying that BSkyB offered to pay 175 pence in cash for each Easynet share, or 38 per cent more than yesterday's closing price of 127 pence. Easynet directors recommended shareholders accept the offer.

``About 47 percent of Sky customers currently have broadband, and almost the balance will be making a decision about broadband in the next few years," Murdoch had said.

BSkyB has said it plans to move to a hybrid broadband and satellite distribution model. "This positions Sky very well to take a leading position in what we think is a very attractive and fast growing segment of the market," media reports said quoting James Murdoch.


Latest Reads
Andrew Jordan announced successor of AsiaSat's William Wade

Asia Satellite Telecommunications has announced the retirement of its executive director, president and CEO William Wade. He will serve his last day in the company on 1 November 2016 but will stay back as the senior advisor of AsiaSat until 31 March 2017.

Satellites Satellite Operators
GSAT-18 successfully launches, new capacity for DTH operators, TV channels

MUMBAI: Indian DTH operators, television channels, VSAT and digital satellite news gathering providers are a happy lot because of a development in Kouro French Guiana this morning. The reason: the successful launch of Arianespace’s Ariane 5 VA 531 rocket with its passenger, the Indian Space...

Satellites Satellite Launches
Bad weather pushes forward GSAT-18 launch

MUMBAI: The nation - and communication satellite trackers - will have to wait for another day. The Indian Space Research Organisation (ISRO) has announced that the launch of its GSAT-18 communications satellite has been delayed by a day. According to its launch partner, Arianespace, the flight...

Satellites Satellite Launches
ISRO's PSLV-C35 launches seven other satellites successfully

Around two hours after lift-off and after placing India’s weather satellite ScatSat1 in a polar sun synchronous orbit at 720 km, the Indian Space Research Organisation’s (ISRO’s) PSLV C35 rocket fired once again. Following that maneuver, it placed another seven satellites in orbit at an altitude...

Satellites Satellite Operators
ISRO’s PSLV-C35 takes off successfully, Scatsat1 launched

MUMBAI: It’s another feather in ISRO’s cap. The Indian space outfit seems to be going from success to success. Earlier this morning at 9:12 am, its latest mission the PSLV-C35 lifted off immaculately from the Satish Dhawan Space Centre in Sriharikota. Around 17 minutes later, its fourth stage...

Satellites Satellite Launches
ISRO to launch eight satellites using PSLV on 26 September

MUMBAI: It will be the second satellite launch this month for the Indian Space Research Organisation (ISRO). On 26 September 2016 at exactly 9:12 am the PSLV C35 will blast off from the first launch pad of the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. It will mark the 37th...

Satellites Satellite Launches
XTreme-AsiaSat to provide 4K premium UHD content

4K-SAT, the Ultra-HD channel operated by Asia’s premier satellite operator Asia Satellite Telecommunications Co. Ltd. (AsiaSat), will be broadcasting premium extreme and outdoor content from XTreme Video on AsiaSat 4.

Satellites Satellite Operators
Govt satellite launches, including from India, to dominate future space market: Euroconsult

NEW DELHI: A major portion of satellites slated to be launched from 2016-2015 with launch mass over 50kg will be dominated by government satellites from countries like the US, Russia, India, China and Japan, according to Euroconsult.

Satellites Satellite Launches
India’s weather satellite INSAT-3DR launched successfully

India's Geosynchronous Satellite Launch Vehicle, equipped with the indigenous Cryogenic Upper Stage (CUS), on Thursday, successfully launched the country's weather satellite INSAT-3DR, into a Geosynchronous Transfer Orbit (GTO) in its tenth flight (GSLV-F05). The achieved orbit is very close to the...

Satellites Satellite Launches

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories