Your forum username:
Do you already have an account?
Forgot your password?
  • Log in or Sign up


    Welcome to Sky User - The Unofficial Support Forum for everything Sky! - Proudly helping over 63k members.


    Advertisement

    Results 1 to 3 of 3

    BSkyB agrees proposed deal with LDC for Easynet

    This is a discussion on BSkyB agrees proposed deal with LDC for Easynet within the Sky news and announcements forums, part of the SkyUser Announcements category; BSkyB (Sky) has reached an agreement over the proposed sale of its business-to-business telecommunications operation, Easynet Global Services, to LDC, ...

    1. #1
      NewsreadeR's Avatar
      NewsreadeR is offline Site Founder
      Exchange: Marshalls Cross
      Broadband ISP: Sky Broadband Unlimited
      Router: Sagem F@ST 2504n
      Sky TV: Sky+HD box
      Join Date
      Aug 2006
      Location
      St Helens
      Posts
      22,206
      Thanks
      108
      Thanked 366 Times in 300 Posts
      Blog Entries
      48

      BSkyB agrees proposed deal with LDC for Easynet

      BSkyB (Sky) has reached an agreement over the proposed sale of its business-to-business telecommunications operation, Easynet Global Services, to LDC, a leading UK private equity company.

      LDC will pay Sky 100 million for the business on completion of the transaction*, subject to regulatory approval and a works council consultation in respect of certain Easynet employees. LDC, which is fully funded by the Lloyds Banking Group, is backing current Easynet CEO David Rowe and his management team.

      Under the proposal, Sky will retain the UK network assets that it acquired as part of the original acquisition of Easynet Group in 2005. As part of the proposed sale, Sky and LDC will enter 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.

      Andrew Griffith, Sky's Chief Financial Officer, said: "The acquisition of Easynet was central to the early success of Sky Broadband and Sky Talk. Whilst retaining the UK network assets to support the continued growth of our residential customers, we propose to exit the B2B segment with the sale of the business to a credible team and on attractive terms."

      Peter Brooks, Managing Director, LDC London , adds: "Easynet is a great example of LDC's approach to TMT investments. Leveraging our sector knowledge and deliverability as an investor, we seek to back best-in-class management teams. Easynet provides innovative services to multinational clients across the attractive data networking and managed hosting sectors. Management consistently deliver industry leading levels of service whilst generating strong financial returns. We look forward to supporting David and his team as Easynet begins its next phase of development."

      http://corporate.sky.com/page.aspx?p...6fa7b23b4bbc31


      ~ Never, ever, argue with an idiot. They'll drag you down to their level and beat you with experience ~


      Follow us on Twitter @skyuser


    2. Advertisement
    3. #2
      Undecided Adrian's Avatar
      Undecided Adrian is offline Sky User Member
      Exchange: Stevenage
      Broadband ISP: BT
      Router: Non Sky Router
      Sky TV: Sky+ HD
      Join Date
      May 2007
      Posts
      2,539
      Thanks
      1
      Thanked 23 Times in 21 Posts

      Re: BSkyB agrees proposed deal with LDC for Easynet

      so let me get this straight Sky has just been paid 100 million to get rid of all it's business customers and other operations such as UKOnline to a management buyout.

      They then will sell bandwidth to this new company.

      I just want to see where the catch is as it looks like Sky gets rid of all it's pesky business customers, gets rid of UKonline and gets paid a ton of cash and a monthly rental from this new company.

      They must be having a money snowball fight as we speak in Sky's head office
      I'm a PC, and Windows 7 Backup saved my sanity when BitDefender imploded !!!

    4. #3
      deadman1984's Avatar
      deadman1984 is offline Sky User Member
      Exchange: Ponteland Newcastle Upon Tyne
      Broadband ISP: BT Infinity 1
      Router: tp link archer d7 + draytek vigor 130 modem
      Sky TV: Sky+ HD + multi
      Join Date
      Sep 2009
      Location
      newcastle upon tyne uk
      Posts
      3,213
      Thanks
      0
      Thanked 28 Times in 25 Posts

      Re: BSkyB agrees proposed deal with LDC for Easynet

      dunno what this will mean for us consumers but i hope they dont do somthing stupid and put the prices up or worse make the unlimited package a cap on it otherwise il kick off big style

     

     

    Tags for this Thread

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •  
    SkyUser - Copyright © 2006-2014. SatDish and NewsreadeR | SkyUser is in no way affiliated with Sky Broadband / BSkyB
    RIPA NOTICE: NO CONSENT IS GIVEN FOR INTERCEPTION OF PAGE TRANSMISSION | SEO by vBSEO