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 BSkyB reports high-def boost 7/29/2010 - 9:19:05 AM  BSkyB today said operating profits rose 10% after it added 90,000 more customers during the final three months of its financial year. The broadcaster’s customer base stood at 9.86 million at the end of June, with 30% of subscribers now taking Sky’s high definition services. Chief executive Jeremy Darroch said SkyHD boasted twice as many customers as a year ago after 429,000 net additions in the fourth quarter, while one in five customers now have each of TV, broadband and telephony – up 36% on last year. He added: “We’ve had another good quarter to bring our financial year to a strong close.” BSkyB reported adjusted operating profits of £855m (€1bn), up 10% a year earlier, while bottom-line pre-tax profits rose to £1.17bn (€1.4bn) due to the disposal of shares in ITV, after a write-down on the holding a year ago. The company recently rebuffed a 700p-a-share approach from Rupert Murdoch’s News Corporation for the 61% of BSkyB that NewsCorp does not currently own, a move valuing the FTSE 100 Index company at around £12bn (€14.4bn). BSkyB called for an offer in excess of 800p a share, although it agreed to begin work on the regulatory process required for a tie-up. |
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