Microsoft Acquires Telewest Stake

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In the wake of an agreement with the European Commission, Microsoft Corp. last week announced it has acquired a 22.98 percent interest in U.K. MSO Telewest Communications plc.

The EC ended its investigation recently when Microsoft agreed to limit its stake in Telewest to 23.7 percent. The software giant is buying some of the interest previously held by MediaOne Group Inc. Telewest's other shareholder is Liberty Media International.

In a press release announcing the deal, Telewest CEO Adam Singer said: "With Microsoft and Liberty as our major shareholders, Telewest has a significant edge in the full contact sport that is broadband."

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