Vodafone, BSkyB plot against BT

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

The enemy of my enemy is my friend : Vodafone (VOD) and BSkyB (BSYBF) have reportedly held talks about how to compete with BT's (BT) increasing reach in the British broadband market, the U.K.'s Sunday Times reports.

Vodafone (VOD) and Sky are considering deals involving the latter's sports and film channels and on co-operating on a high-speed broadband service.

However, the two are unlikely to construct a nationwide fiber network, as such a project would cost several billion pounds.

The talks come after a resurgent BT gained on its rivals by investing over £3B in a high-speed fiber-optic network and another £2B in sports broadcast rights.