Video Networks is reportedly considering the move rather than continuing with a refinancing plan announced in November last year.
BskyB, Cable & Wireless and BT, which already has a 4 % stake in the company, are all said to be interested in acquiring the group, which is estimated to be worth between £150m and £200m.
Homechoice currently has 35,000 subscribers in London and is due to start a national rollout this year. The services supplied by the network include digital television, video-on-demand, telephone services and broadband internet.
In November last year Video Networks Ltd announced plans for the national rollout to cover more than 10 million homes. Credit Suisse First Boston was appointed as financial adviser to assist the company with new equity fund raising to support the project.
Video Networks is majority owned by Chris Larson, one of the founders of Microsoft, who has invested an estimated £100m in the group, the sale of the company would need his approval.
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