Report Overview

BSkyB’s Results and the State of Pay-TV in the UK

NTL’s share price slide over the last few weeks has focused attention again on the prospects for UK pay-TV.
This report extends the analysis to the two largest European incumbents, France Telecom and Deutsche Telekom. We look at trends in market share, wholesale and retail pricing, and the impact of increased competition. We identify the companies’ strategies in the face of these forces and show the impact of stretched balance sheets on corporate actions.