TelewestVirgin Media Launches TV, Broadband, Phone Service in U.K.Authored by Mark Hefflinger on February 8, 2007 - 1:49pm.
London - Richard Branson's Virgin Group on Thursday announced the launch of Virgin Media, which will offer bundled digital TV, broadband, home and mobile phone service across the U.K. U.K.-Based Cable Firm ntl to Buy Rival Telewest for $5.96 BillionAuthored by Mark Hefflinger on October 3, 2005 - 3:45am.
London - ntl, a U.K.-based cable group, announced that it has agreed to acquire smaller U.K. rival Telewest for approximately $5.96 billion. ntl said the fully merged company would have about 5 million pay TV and broadband subscribers, allowing it to better compete with telecommunication giant BT Group Plc and local satellite broadcaster BSkyB Group Plc. "This is a transforming transaction for the U.K. cable industry," said ntl CEO Simon Duffy. "It marks not just the culmination of a decade of consolidation but, more importantly, the creation of a new competitive force in the communications and entertainment sectors in the U.K." The new company will become the largest provider of residential broadband services in the U.K. with more than 2.5 million subscribers and the second-largest pay TV provider with 3.3 million subscribers. ntl said it expected to complete the deal by the first quarter of next year, pending regulatory approval.
Telewest to Build European Online Game Network for Sony PlayStation 2Authored by Mark Hefflinger on February 3, 2003 - 4:11am.
London -- Telewest, a U.K.-based provider of broadband, cable TV and telephone services, announced that it has signed an agreement with Sony Computer Entertainment Europe, to jointly develop and implement technologies to enhance the consumer experience for PlayStation 2 networked gaming. Telewest formed a new venture, Network Gaming Consulting Ltd., to handle the consultancy and technology transfer agreement. The company will work to launch the service this year, enabling networked gaming across a number of European countries. Unlike rival Microsoft's Xbox Live online game service -- set to launch in Europe on March 14 -- which will be operated by Microsoft, Sony has partnered with various firms to launch individual networks for its PlayStation 2 online games. Sony and Telewest also see the broadband connection as a gateway into consumers' living rooms. "By the time you get to PlayStation 3, it becomes a platform and a brand identity and opens up a host of possibilities for music and video downloads. It's very exciting and more important than the future of ITV," newly named head of Network Gaming Consulting David Docherty told The Guardian.
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