Orange eyes Kangaroo technology
April 7, 2009
Mobile phone firm Orange has emerged as a potential buyer for the technology behind Project Kangaroo, the defunct broadband TV joint venture between ITV, Channel 4 and the BBC.
Project Kangaroo’s partners are understood to have invested about £20 million (E22m) developing the technology behind the proposed video-on-demand service, which is now likely to be sold for just a few million pounds.
The joint venture partners have been looking to sell the assets of Project Kangaroo, primarily the technology behind its video-on-demand service, following a decision by the Competition Commission in February to block the venture because of concerns it would dominate the nascent UK broadband TV market.
Orange is one of two companies â€“ the other is thought to be a technology firm â€“ that are serious contenders to buy some of the Project Kangaroo assets.