Tech
Sky in "advanced talks" to acquire Easynet
Published Monday, Oct 17 2005, 19:59 BST | By Neil Wilkes
BSkyB is close to clinching a deal to acquire telecoms provider Easynet, according to reports.
The company is expected to announce the takeover, worth around £150 million, later this week.
Acquiring Easynet would allow Sky to take on the cable operators by launching a "triple play" offering of pay TV, broadband and telephone services. The move would also provide the necessary medium to offer up new video-on-demand services.
Shares in Easynet rose 22% to 117.5p by close of play on Monday.
The company is expected to announce the takeover, worth around £150 million, later this week.
Acquiring Easynet would allow Sky to take on the cable operators by launching a "triple play" offering of pay TV, broadband and telephone services. The move would also provide the necessary medium to offer up new video-on-demand services.
Shares in Easynet rose 22% to 117.5p by close of play on Monday.
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