UK IPTV Pioneer HomeChoice Up For Sale; Valued At $350 Million

UK IPTV pioneer HomeChoice is up for sale at about GBP 200 million (about $353 million) and potential buyers, including BSkyB, are understood to have made bids, reports Sunday Herald in UK.

The company, previously known as Video Networks and led by CEO (previously CEO of Chello) Roger Lynch, has hired CSFB to handle the sale. The bank was initially appointed to raise GBP 100million for the firm.

Informitv:The company has just 34,000 customers in the London area…at about 200 million GBP, that would value it at well over 5,000 GBP per subscriber.

This follows similar moves by rivals: In October, BSkyB paid GBP 211million for broadband telecoms specialist Easynet, allowing it to offer “triple-play” services – broadband, television and telephony. BT is also planning a broadband video service.

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