Maura Ginty

British Sky Broadcasting Group plc (BSkyB) Wednesday released its earnings statement along with news that the company will invest £250 million ($403 million) into two sites. Tony Ball, chief executive of BSkyB (BSY), said that the investment aims to make skysports.com the top sports portal, as well as developing sky.com for branding and content purposes. […]

Hubbell Inc. Tuesday sold its WavePacer DSL assets to Israel’s ECI Telecom Ltd. in a multimillion-dollar deal. Financial terms of the deal were not disclosed, though Israel’s Globes reports a price range of $65 to $90 million depending on the final WavePacer sales performance this year. The transaction is expected to close in the next […]

Calling its new online exchange the first fully integrated stock exchange, Sweden’s OM Group and Morgan Stanley Dean Witter (MSDW) Tuesday outlined plans for a pan-European trading venture valued at 100 million euros ($99 million). The London-based Jiway venture will offer smaller investors access to and processing for more than 6,000 U.S. and European shares, […]

Lycos Inc. Monday officially launched its full network in Latin America, with plans to add a spectrum of products and services over the next several weeks. Next additions include software downloads, domain registration, and translation services, as well as MP3 and FTP search catalogs, a kids’ site, auctions, and a Spanish- and Portuguese-language version of […]

After months of unofficial media reports, E*TRADE Group Inc. surprised few Monday when it unveiled the product of its partnership with Japanese Net powerhouse Softbank and LG Investment & Securities — a Korean version of the online brokerage. The three companies lead a joint venture for the E*TRADE Korea service officially launched today, a debut […]

Adding to its pan-European designs, U.S. and European broadband player Global TeleSystems Friday bought a major U.K. ISP in an all-stock deal valued at $91.5 million. GTS (GTS) inked the deal to draw Netcom Internet Ltd. from Providence Equity Partners L.P. The company has significant infrastructure, including a Web hosting center in London boasting 3,600 […]

A day after announcing a stellar subscription spike, chello broadband n.v. Thursday set up its first outpost beyond Europe, adding new services in Australia. chello broadband Australia Pty Ltd. will offer multimedia and e-commerce services on high-speed broadband Net access. Australian broadband company and chello partner AUSTAR United Communications previously initiated commercial access trials, and […]

LookSmart this week strung two more beads on its string of international properties, in the form of local services in Singapore and New Zealand. The two new search engine portals follow on the company’s expansion in to the Netherlands, Canada and Australia. According to IMR Worldwide, LookSmart (LOOK) ranks as the top search site in […]

Winstar Communications Inc. Wednesday pulled in a massive $900 million round of financing from a group of investors led by Microsoft Corp. Microsoft (MSFT) was joined by Credit Suisse First Boston Equity Partners, L.P.; Welsh, Carson, Anderson and Stowe, VIII, L.P.; and Cascade Investments, among others, in the convertible stock investment. Winstar plans to use […]

Online currency creator beenz.com Tuesday launched its China operations through a new office in Hong Kong. beenz.com’s Asia operations will be run by president, beenz.com Asia Pacific, David Yuen. Yuen is expected to lead the company’s expansion interests in the Hong Kong, Taiwan and China markets by the middle of this year. The launch follows […]

eBay Inc. Wednesday recruited some of the Asian Net world’s star sites to market its newly launched person-to-person trading platform for the Asian market. eBay has recruited chinadotcom, Sohu.com and ClubCiti to market the eBay Chinatown online trading community to Asian users. chinadotcom (CHINA) will promote the site to Asian users through its Greater China […]

Priceline.com and Hutchison Whampoa Ltd. Wednesday named their own price for an alliance to bring the patented Web service to Asia. The duo will ply the name-your-price e-commerce format in China, Hong Kong, India, Taiwan, Indonesia, Singapore, Thailand, Korea, Malaysia, the Philippines and Vietnam. Japan, however, does not fit into the plan. The two will […]