HomeChoice may see acquisition by Tiscali
The Telegraph is reporting that Video Networks, the company that offers on-demand video through its HomeChoice brand in London and Stevenage, could see a buy out from Tiscali. HomeChoice use Local Loop Unbundling (LLU) to provide a video and broadband service using DSL technology to around 45,000 customers.
We reported last year the possibility that Sky may be in the line up looking to take control of HomeChoice after a then recent announcement that Sky was acquiring Easynet. At the time HomeChoice were warning they could run out of money within a year if new funding was not acquired. The news of interest from Tiscali, who run an expanding LLU network in the UK, could be a move for them in to the triple-play market vastly increasing the coverage of the HomeChoice service and perhaps introducing a larger opposition to Sky, ntl:Telewest and also BT when they launch their service later this year.