Sky buys 02 - and everything else, including your mum
In his relentless quest to own every atom of the universe, Rupert Murdoch went to the shops this morning and bought 02 and BE (that’s how it works, right?).
Actually Sky have bought the broadband and landline businesses of 02’s current owner Telefonica, and will pay them £180m, with up to another £20m being paid once customers have been switched to Sky.
Sky’s takeover of 02 will make it the UK’s second largest broadband provider after BT, and win them half a million disgruntled customers in the process.
Sky’s broadband (which has been frequently criticised for being slow and rubbish) has been going since 2006, and this move will be one in the eye for that ginger beardy pom git Richard Branson, whose silly old Virgin Media will be now in third place in the broadband race.
Meanwhile, in his opulent lair, Mr Burns tents his fingers and says ‘Excellent.’