Originally Posted by
mistaTea
Yeah I agree with this sentiment. Vocus want too high a price for the NZ assets, hence no sale by now even though the business has been on the block for ages.
They obviously feel that they can get a better valuation by IPO. So that does pour some cold water on a Sky TV tie up because Sky would only be able to get finance for a purchase price based on a much more reasonable EBITDA multiple.
And why would Vocus sell to Sky for a lower price than they could get by IPO?
It would be fantastic if Sky could grab Vocus NZ for a fair price, but definitely not something anyone should get too exited about at this stage.