Sky to become second largest provider of UK broadband

British Sky Broadcasting Group has agreed to purchase Telefónica UK's broadbank and fixed-line telephony business, making Sky the second-largest provider in the UK broadband market.

British Sky Broadcasting Group has agreed to purchase Telefnica UK's broadbank and fixed-line telephony business, making Sky the second-largest provider in the UK broadband market.

Sky will pay Telefnica a consideration of £180m for the consumer broadband, home phone and line rental customers served by the O2 and BE brands. An extra contingent amount of up to £20m, may be payable dependent upon the successful delivery and completion of the customer migration process by Telefnica UK.

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