SKT Sky Network Television Limited.

[Ogg]

Excellent news.

OSB was one of the major hurdles for a takeover.

ComCom clearance now guaranteed.

[mistaTea]

Excellent news.

OSB was one of the major hurdles for a takeover.

ComCom clearance now guaranteed.

Wow, Mr Market really is displeased with this development.

[ThaiJohn]

Wow, Mr Market really is displeased with this development.

Mr Market is down over 250 points, didn't realise skt was such a behemoth.

[Getty]

Ring Ring
NEP. Good morning, how can we help?
Sky. Its Sky here, hey, we've heard there's an exciting Motocross event on in Woodville, 6 weeks time, we need to book an OSB unit to cover it live.
NEP. Great idea, oh, hang on, I've just checked, we're booked out to Spark & Flint that weekend.
Sky. Well damnit, can't you put a unit together?
NEP Well, NO!, you of all people should know how much that costs, we cant afford to have 1 just on standby for you.
Sky. Sh@t!!

You get the picture.

[mistaTea]

Earnings guidance has been confirmed - so Sky will have generated ~$70M-$75M underlying Owner Earnings over the last 12 months ending June 30.

Add in the $148M net proceeds in the CR and the company has been able to generate a total of $218M cash to be used on growth initiatives.

Having that kind of money does not guarantee success of course, but it does give them a strong position to transition from imo.

Personally, I think the OSB sale is a decent move. Pros and cons for doing this - but they have to become a leaner organisation and OSB was no longer a competitive advantage.

[Akane]

Spark: Retail Service Provider mostly focused on mobile and broadband, with a side of broadcasting/streaming
SKT: Broadcasting provider with streaming and with a (soon to be) side of Retail Service Provider for broadband.

Hmmmm :/

[n908671]

Ring Ring
NEP. Good morning, how can we help?
Sky. Its Sky here, hey, we've heard there's an exciting Motocross event on in Woodville, 6 weeks time, we need to book an OSB unit to cover it live.
NEP. Great idea, oh, hang on, I've just checked, we're booked out to Spark & Flint that weekend.
Sky. Well damnit, can't you put a unit together?
NEP Well, NO!, you of all people should know how much that costs, we cant afford to have 1 just on standby for you.
Sky. Sh@t!!

You get the picture.

Or the other way of looking at it:

Sky: We have an OSB unit that we have paid full cost for but it sits around half the time doing nothing until we have a need for it
NEP: We run short of OSB units occassionally but don't really have enough work to put another unit together.

[GR8DAY]

Hey with maybe $250m cash in the coffers and still generating $75m earnings they may decide to give us some back by way of dividend or early xmas pressie???

This sale is good news......theyve completed what they informed us was the plan going forward,.....being consistent and being procative is important for the market and us shareholders.

[Getty]

Or the other way of looking at it:

Sky: We have an OSB unit that we have paid full cost for but it sits around half the time doing nothing until we have a need for it
NEP: We run short of OSB units occassionally but don't really have enough work to put another unit together.

Or, another way at the board table,
We have adequate OSB's to handle our forward programming, and fill any gaps that eventuate.
Bugger what the opposition require!

[Getty]

and if we have any excess capacity, we can get the sods out there making a few documentaries..