Feeds

Sky announcement on Easynet sell-off expected by Thursday

We'll talk about this speculation later

Top 5 reasons to deploy VMware with Tegile

Sky is expected to finalise a deal for a management buyout of its networking business Easynet by the end of this week.

The firms declined to comment for our story yesterday regarding ongoing negotiations between Easynet's CEO David Rowe and CTO Justin Fielder, and Sky.

However, following publication Easynet wrote to all staff about our story, which was sourced from insiders who insisted on anonymity for fear of reprisals. The missive explains that management will make an announcement about the "speculation" by Thursday 22 July.

You may have seen speculation in the media about the potential sale of Easynet.

The official position from Sky is that we are still a part of the BSkyB family. We are unable to respond at present however we anticipate we will be able to provide you with a fuller response by Thursday 22nd July 2010 at the latest. In the meantime please don't let this speculation worry you – it's business as usual.

If you are asked a direct question regarding this matter by a customer or a supplier then please relay this message to them verbally, and inform them we will proactively communicate further details as soon as we are able to.

It's a surreal position to adopt: The Register's story was "speculation", yet we can't respond to it, but don't worry, we'll be making some sort of announcement about it by Thursday.

Sky bought Easynet in 2005 for £211m, ahead of its push into home broadband. It's understood that under the proposed buyout the Murdoch empire will retain control of the Easynet network. ®

Security for virtualized datacentres

More from The Register

next story
TEEN RAMPAGE: Kids in iPhone 6 'Will it bend' YouTube 'prank'
iPhones bent in Norwich? As if the place wasn't weird enough
Consumers agree to give up first-born child for free Wi-Fi – survey
This Herod network's ace – but crap reception in bullrushes
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
New EU digi-commish struggles with concepts of net neutrality
Oettinger all about the infrastructure – but not big on substance
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.