BT Considers Video-Networks Buyout
Posted: 23rd Jun, 2003 By: MarkJ
Despite earlier denials, it has emerged that BT may once again be considering an entrance into the broadcasting market via broadband xDSL based Video-on-Demand (VoD) technology from troubled operator Video Networks:
Within the last few days, it has been revealed that since late December 2002, BT has held the option to purchase shares in struggling video-on-demand service Video Networks. If BT does take up the options, which can be issued without further approval from Video Networks shareholders, the move could see BT engaged in TV broadcasting before the end of the year.
Though BT has so far refused to comment, recently appointed CEO of Video Networks Roger Lynch confirmed to New Media Zero that the share options were offered to BT at a corporate level after the video-on-demand company underwent restructuring late last year.
It may be an interesting revelation, although we've yet to see any sign of BT choosing to take up VN's offer. More @ Europemedia.
Within the last few days, it has been revealed that since late December 2002, BT has held the option to purchase shares in struggling video-on-demand service Video Networks. If BT does take up the options, which can be issued without further approval from Video Networks shareholders, the move could see BT engaged in TV broadcasting before the end of the year.
Though BT has so far refused to comment, recently appointed CEO of Video Networks Roger Lynch confirmed to New Media Zero that the share options were offered to BT at a corporate level after the video-on-demand company underwent restructuring late last year.
It may be an interesting revelation, although we've yet to see any sign of BT choosing to take up VN's offer. More @ Europemedia.
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