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Home > PE News > By Region > Europe > Western Europe

BSkyB sells B2B telecoms unit to LDC for £100m BSkyB sells B2B telecoms unit to LDC for £100m

22 Jul 2010. Source: AltAssets

BSkyB, the British satellite broadcasting company that operates Sky Digital, has agreed to sell its business-to-business telecoms unit Easynet to Lloyds Banking Group’s in-house private equity manager LDC for £100m (€119m).

 


BSkyB said that it would retain control of the UK network assets that it acquired as part of the original acquisition of Easynet in 2005 for the consumer side of its business, while Easynet has been granted continued access to Sky’s fibre network to service its corporate clients.

LDC last month sold its holding in Kylmar, a designer and manufacturer of sensor and optical surveillance systems for the military and security industries, to the UK arm of NYSE-listed defence conglomerate General Dynamics.

The sale price on the Kylmar transaction was not disclosed, though LDC acquired the company for £8m (€9.5m) in April 2006.

Copyright © 2010 AltAssets

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