[SMHarman]

If NTL and Telewest don't get too distracted by the merger, get VOD and PVR rolled out, have more of a national footprint and put up an advertising spend to go with it then end of 2006 could be an interesting place. Sky may be the ones catching up with their LLU unbundling, inability to offer true VOD, speed limited and less consistency of speed on the BB offering, and the need for the BB offering to be of a certain level just to be able to offer homechoice type products.

We will also start to find more customers with ally or fibre in their path to the exchange so suddenly unable to get the latest Sky offering, hardware failiures in local exchanges meaning sky customers lose phone, tv, vod, internet. The next step for sky will be as challenging as the roll out of VOD and PVR for NTL and TW, perhaps more, as NTL/TW are rolling out hardware that in a previous varient has a multimillion person user base in the US.