UK Business ISP Easynet Global and BSkyB Complete Sale to Private Equity LDC − ISPreview UK News

UK Business ISP Easynet Global and BSkyB Complete Sale to Private Equity LDC

By: MarkJ - 2 September, 2010 (2:58 PM) - Score: 1401 -

Easynet Global Services has completed its sale from BSkyB to private equity firm Lloyds Development Capital (LDC) for the agreed price of £100m (July 2010 news). Chief Executive Officer, David Rowe, who founded Easynet in 1994, will remain in the role with the full backing of LDC.

David Rowe, CEO, said:

"Our strategy has always been to take a pragmatic approach to the market: we follow our customers, understand their needs, and provide solutions that add value. Our tight focus on our customers will continue under our new ownership. LDC’s strategy is closely aligned to our business plan and this will allow us to take a longer-term view of the investments we make to give our customers competitive edge."

As reported before, Easynet retains the International network and Data Centre assets. In the UK, Easynet has entered into an exclusive and long term relationship with Sky for the use of Sky’s access network, but also retains the core IP infrastructure and network management functions responsible for routing traffic intelligently around customers’ networks.

Easynet therefore retains full control and ownership of the core network assets both within the UK and globally. In other words, Sky owns the roads, while Easynet retains exclusive access to the priority lanes.

An interesting video interview with David Rowe can be found here.
http://www.easynet.com/gb/en/video/?PrimaryNavID=14&videoID=85