Sep 26, 2018
Comcast’s Sky deal roils European broadband
Comcast's victory over Disney in the £37bn battle to acquire Sky changes the stakes for European broadband. Instead of a seller, Comcast is seen as a potential consolidator of European broadband. The bet has paid off and changed the telecoms landscape in the UK. Sky now has 6m broadband customers in the UK, 24 per cent of the market, although they are mostly connected via BT's network. Comcast is the largest broadband company in the US with 26m users on its cable network and it derives half of its profit from internet access. If Comcast went the other way, Sky's broadband business is valued at £3.9bn by RBC based on a calculation of £650 per customer.
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