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| Version 1 | Version 2 |
|---|---|
| BSkyB buys O2 and BE broadband businesses from Telefonica | BSkyB buys O2 and BE broadband businesses from Telefonica |
| (35 minutes later) | |
| British Sky Broadcasting is buying the UK broadband and fixed line businesses of Spain's Telefonica. | British Sky Broadcasting is buying the UK broadband and fixed line businesses of Spain's Telefonica. |
| It will give Sky half a million customers who use the O2 and BE brands for their home phone or broadband. | It will give Sky half a million customers who use the O2 and BE brands for their home phone or broadband. |
| It will pay an initial £180m to Telefonica, with up to another £20m being paid once the customers have been switched to Sky. | It will pay an initial £180m to Telefonica, with up to another £20m being paid once the customers have been switched to Sky. |
| Sky said the transaction would make it the second biggest UK broadband provider. | Sky said the transaction would make it the second biggest UK broadband provider. |
| Telefonica said the deal would allow it to concentrate on providing better mobile services, including rolling out 4G. | Telefonica said the deal would allow it to concentrate on providing better mobile services, including rolling out 4G. |
| Sky has taken on 4.2 million broadband customers since launching the service in 2006. | Sky has taken on 4.2 million broadband customers since launching the service in 2006. |
| The deal will allow Sky to leapfrog Virgin Media and close the gap on the number one provider: BT. | The deal will allow Sky to leapfrog Virgin Media and close the gap on the number one provider: BT. |
| If it is cleared by regulators the deal should be completed in April. | If it is cleared by regulators the deal should be completed in April. |
| "Sky has been the UK's fastest-growing broadband and telephony provider since we entered the market six years ago," said BSkyB chief executive Jeremy Darroch. | |
| "The acquisition of Telefonica UK's consumer broadband and fixed-line telephony business will help us accelerate this growth." |