The media and business press have been alive with rumours this week that Sky is about make a move on a telecoms/broadband operator.
Such a provider is up for sale in the shape of OneTel, yours for a mere £300 million from current owners Centrica PLC. Rumours of Sky’s interest in the telecoms industry were sparked with speculation that the firm’s decision to raise £1 billion through a bond issue stems from a desire to engage more aggressively with cable and internet providers. The purchase of a telecoms company could also lead to Sky offering a truly on-demand TV experience. Further investment of between £100-200 million is reportedly planned by the company to develop an ultra-speedy internet service through local loop unbundling, potentially offering video on demand and IPTV capabilities.
These moves would further bolster Sky’s position in the UK against the newly merged cable providers NTL and Telewest as well as the Freeview consortium, which ITV and Channel 4 have finally confirmed their intention to join.
![[Image relating to the story Christmas at Number 42]](http://farm3.static.flickr.com/2650/4194806474_aa3bfc8c85.jpg)
![[Image relating to the story Introducing <em>Fire & Knives </em>]](http://www.bigshinything.com/wp-content/uploads/2009/11/Front_coverpage1.jpeg)
![[Image relating to the story BigShinyThing recommends… Regretsy]](http://www.bigshinything.com/wp-content/uploads/2009/11/kittenhead.jpg)
![[Image relating to the story Face On]](http://farm3.static.flickr.com/2467/3616836686_143db79999.jpg?v=0)
Add a Comment