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BSkyB

Part of Consolidated Fund (Appropriation) (No.2) Bill – in the House of Commons at 3:00 pm on 3rd March 2011.

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Photo of Jeremy Hunt Jeremy Hunt The Secretary of State for Culture, Media and Sport 3:00 pm, 3rd March 2011

My hon. Friend makes an important point. It is written in black and white that they are not allowed to purchase any additional shares in the new company without the consent of the Secretary of State. Were they to be in breach of that, they would threaten the entire deal that, if it goes ahead, will allow them to purchase the remaining shares in the rest of Sky. So the sanctions are very considerable indeed, and we will monitor the deal very carefully to ensure that there is compliance. My hon. Friend will see, when he looks at the undertakings, that they contain a number of explicit provisions to ensure compliance. Those provisions have satisfied the Office of Fair Trading and Ofcom, and that is why I have confidence in them as well.

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