BSkyB ponders mobile move

BSkyB ponders mobile move

British Sky Broadcasting Group PLC (BSkyB) is reportedly considering to make an unexpected move into the mobile network market.

The satellite broadcaster has been discussing buying some of the airwaves that are due to be put up for sale by Everything Everywhere, which could be used to launch superfast 4G networks.

The move would see BSkyB add mobile phones to its television, internet and land-line phone package.

Many believe the move would strengthen its position in the face of new competition from the likes of Lovefilm and Netflix.

BSkyB, which is 39 per cent owned by News Corporation, reported a five per cent jump in revenues for the nine months to the end of March to £5.1 billion, but it is thought the organisation is looking at new products.

According to the Sunday Times, BSkyB could have to part with £3 billion to £4 billion to build a nationwide mobile phone network in the UK.

However, the newspaper noted that sources believe the organisation is still cautious over the prospects of the deal.