The new company is a 50-50 partnership based in London and will operate independently of its owners, Telewest and Andersen said.
Thirty employees have moved to the new company from Andersen, including Arjang Zadeh, the new venture's acting chief executive officer, the companies said.
The company, which has not yet been named, will develop, customize and license broadband products and services. Its first product, Full Video on Demand, is expected by the end of March. The company plans to offer interactive TV, wire-free broadband home, music Pay Per View, interactive advertising, games, information and eBanking in the future.
The broadband company will aim to serve operators in the cable, telecom, digital terrestrial and satellite markets with Telewest itself signing on as the joint venture's first customer, the companies said. Financial terms of the deal were not disclosed.