British Sky Broadcasting unit to launch European football channel

British Sky Broadcasting's (BSYBY) Sky announced that Sky Sports is to launch the first-ever television channel dedicated to European Football. Sky said, "Customers with Sky Sports will be able to receive the new channel - Sky Sports 5 - as part of their sports package, at no extra cost, and as a further bonus they can also get two years’ free Sky Broadband Unlimited." Shares of BT Group (BT) moved lower following the news.

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