BRITISH SKY BROADCASTING GROUP PLC WELCOMES OFFICE OF FAIR TRADING REVIEW OF UNDERTAKINGS.Business Editors LONDON--(BUSINESS WIRE)--January 11, 2000 The OFT has announced that it is to fulfil its promise to review the informal undertakings given by British Sky Broadcasting British Sky Broadcasting (BSkyB — formerly two companies, Sky Television and BSB) is a company that operates Sky Digital, a subscription television service in the UK and the Republic of Ireland. It produces TV content, and owns several TV channels. to the Director General of Fair Trading, John Bridgeman John Bridgeman can refer to several people:
relating to relate prep → bezüglich +gen, mit Bezug auf +acc the terms on which BSkyB supplies cable operators with certain of its channels. A spokesman for BSkyB said: "We are very pleased to see that the OFT recognises the significant market developments which have taken place since BSkyB gave its undertakings, including the consolidation of the cable industry, and the advent of digital technology, which has given the UK, uniquely, three competing platforms for digital TV. "When the undertakings were put in place in 1996 the OFT noted that the benefit of giving informal undertakings was that they could be easily and quickly changed to respond flexibly to developments in a very dynamic and innovative market. The cable operators are now backed by major international companies such as AT&T, Microsoft and France Telecom, and do not need the help of the regulators to negotiate their carriage deals. "BSkyB looks forward to co-operating with the OFT and is hopeful that the review will result in the removal of outdated rules and unnecessary burden on BSkyB." BSkyB ADRs (each equal to six ordinary shares) trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol BSY BSY Busy BSY British School of Yoga BSY Bit Sync BSY Busy Line . BSkyB ordinary shares are listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , and can be accessed on Reuters under the symbol BSY.L, and on Quotron and Bloomberg under the symbol BSY. Additional information is available on BSkyB's home page: http://www.skynow.co.uk. |
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