At least we now know that the business of sport is booming and has a bright future
I note the All Blacks are short of money. Even looking at private equity to become a shareholder ....maybe pressing for a government bailout of iconic national brand as they say
Could SKY buy the All Blacks?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
"Spark Sport is the third focus, building on the deal announced a week ago that offers a Sky and Spark Sport bundled plan for $49.99 per month from mid-November. The two services were traditionally competitors."
From their AGM presso...
"Spark Sport helps us own entertainment in the home and to differentiate usfrom our more traditional competition. The platform has a range of sportsfixtures, and later this month will broadcast the first cricket game in our sixyear partnership with New Zealand Cricket."
Not as bullish as before on Sport I don't think, but certainly no indication that they are going to throw in the towel so soon.
With Spark and Vodafone making big strides in 5G - which will cut Chorus out of the picture...
I suspect there is an opportunity for Chorus to forge stronger bonds with companies like Sky so that attractive pricing can be offered for a reliable fibre service.
No Ogg, when I say stronger bonds I do not mean that Chorus is going to buy Sky.
But Chorus will have to ensure that their pricing is competitive and service remains solid. Mr Market still thinks Chorus is worth ~$4B despite the progress in wireless, so clearly he thinks Chorus will remain competitive.
Last edited by mistaTea; 06-11-2020 at 01:48 PM.
Reason: typo fix
At least we now know that the business of sport is booming and has a bright future
I note the All Blacks are short of money. Even looking at private equity to become a shareholder ....maybe pressing for a government bailout of iconic national brand as they say
1) Sky doesn't repay bond.
2) Sky draws down $200m in bank debt
3) Sky holding $325m in cash.
4) Sky pays out shareholders 18.61c for each share
5) Sky files for bankruptcy.
Originally Posted by winner69
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