Vodafone got a reason to get out of their sponsorship of the Warriors ....
.....martin could waste more of our money SKY WARRIORS sounds pretty good.
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Vodafone got a reason to get out of their sponsorship of the Warriors ....
.....martin could waste more of our money SKY WARRIORS sounds pretty good.
For those wondering if the ComCom might block the take over, have a read of this report from 2016:
https://comcom.govt.nz/__data/assets/pdf_file/0028/76852/Plum-report-for-2degrees-and-TVNZ-on-Vodafone-Sky-merger-August-2016.pdf
What you'll find is that the Pay TV market has changed significantly in the last 4 years. The predictions made in the report did not eventuate. If anything, it shows how incompetent the consultancy firm was in preparing this paid report. The argument to block a merger between Sky and Vodafone is no longer valid. However, the benefit of a merger between Sky and Vodafone has not changed.
A quote from the report above about the benefits of a merger:
- "With access to Sky’s premium content on preferred terms, Vodafone would be able to increase its share of the retail mobile market, currently 50% by revenues, as the take up of its 4G data services increases"
- "Vodafone would also be able to cross sell into the Sky customer base in a way not available to its two mobile rivals"
Notice the phrase "4G" is used. Hmm, what comes after the number 4 I wonder? Yes, it's obvious Vodafone has made a huge investment into 5G and is looking at ways to leverage this over the long term. A take over of Sky would be a great way to increase their customer base and move them to higher margin products, such as the upcoming 5G roll out. An example of this would be giving customers a free rugby subscription in exchange for subscribing to 5G.
It's also obvious that Vodafone could cross sell and bundle Sky's existing products and services into Vodafone TV. For example, existing Vodafone TV customers could enjoy free television channels and access to RugbyPass in exchange for having their broadband with Vodafone.
What's stopping other competitors from doing the same? Nothing. Spark has the cricket rights, and many other sporting rights in New Zealand. It's a level playing field.
Consumer will benefit from more local horizontal integrations of New Zealand companies. The real threat is from overseas, from the likes of Netfix and Disney. These companies are the ones more likely to abuse their market position and raise prices over the long term. Worst yet, all the profits go overseas and they employ no local workers!
I see old Derek had a whopping 4,000 shares before the CR. Now he owns a staggering 17,584 shares!
http://nzx-prod-s7fsd7f98s.s3-websit...055/324956.pdf
Derek should resign as a matter of principle if he has that little faith in the company!
Why should we pay someone directors fees, when the have so little skin in the game?
I too would buy my full allotment if I could buy shares at 12 cents that are currently trading at 16 cents. No brainer as far as I am concerned. Its like paying $80 to get a $100 bill. But yes, granted he did fill his boots and it shows he thinks there might be some promise there.