2nd Sep 2010 09:00
BSkyB and LDC complete Easynet Global Services sale
Following regulatory approval, BSkyB has completed the sale of Easynet Global Services, to LDC, a leading UK private equity investor. LDC has paid Sky £100 million for the business-to-business telecommunications operation, which it now owns outright.
Sky retains the UK network assets that it acquired as part of the original acquisition of Easynet Group in 2005. Sky and LDC have also entered into a long-term supply agreement to grant Easynet Global Services continued access to Sky's fibre network, which continues to support the fast-growing Sky Broadband and Sky Talk services. Easynet will also continue to be a key supplier to Sky.
-END-
Further information
Media
Stephen Gaynor - 020 7705 3446
Analysts/Investors
Chris Wiles - 020 800 2654
Related Shares:
Sky