SKT Sky Network Television Limited.

[bottomfeeder]

Arvida is just completing its massive capital raise. Perhaps their due diligence can now be translated into a contract, then sky can make an announcement.

[Balance]

The story's not mine.

https://www.nzherald.co.nz/business/...W63GBGPU5MHTY/

3 years ago!

If it was going to happen, would have happened in 2019.

[mistaTea]

Hey MT!!

YOUR DREAM HAS COME TRUE BRO!!!

Sky TV is now a telco!!



​https://www.reseller.co.nz/article/6...largest-telco/

Ha! Well if they were trying to 'technically' not be a telco to avoid paying the levy that failed!

Bring on a merger with 2D/orcon or Vodafone!

[jimdog31]

$80k Bro, we better do another 12c placement to cover the cost!

Does that mean broadband is $35m??

[mistaTea]

Does that mean broadband is $35m??

According to that we must have ~37K broadband customers?

[mistaTea]

Remember this?

https://businessdesk.co.nz/article/t...roadband-offer

Moloney said Sky’s new customer value management tool has been key in having a conversation with its users to make sure it’s giving them the right type of service, while broadband opens up a new dialogue. Still, the move into broadband won’t see Sky stray from its core business.
“We’re a content company, not a telco,” she told analysts at yesterday’s earnings briefing.

[mistaTea]

Another board failure.

Can they do anything right?

It is fair to say that they will need to deliver something spectacular for shareholders between now and Feb to get back in our good books after what's been going on.

[jimdog31]

There's no coming back from this.

I mean Jesus Christ, look at the stock now, it's at $1.83!!!



There's no hope for these people!!

They all gotta go ASAP!!!

My goodness.

[mistaTea]

Removed post because Ogg is terrified my joke may me misconstrued and he is loathe to have me banned on ST.

[LaserEyeKiwi]

Does that mean broadband is $35m??

No - it’s just based on sky’s regular business. If you visit the article it explains there was a court case last month that changed the definition of what a telco is and it now applies to sky since it is a pay tv media broadcaster:

But Sky TV has now joined the telco crew due to a legislative change and an unfavourable High Court judgment last month that ruled the company did indeed provide telecommunications services. According to the draft determination, it should pay $83,257 of the $10.1 million levy total.


The TDL is an annual levy that the Government uses to pay for improvements to New Zealand’s telecommunications infrastructure, including the relay service for the deaf and hearing-impaired, broadband for rural areas, and improvements to the 111 emergency service.


The court case hung on the question of whether, after legislative changes in 2018, communications on a telco network had to be two-way. The judgment confirmed that, with the exception of free-to-air broadcasters and satellite providers operating outside New Zealand, local businesses involved in broadcasting transmission, such as Sky TV, could be liable to pay the levy.