"The Board considers that there are now significant opportunities for organic growth and market consolidation across all market segments that will be better realised if Vocus New Zealand is an independent entity"
From my understanding the Vocus listing will be separate to the main group listing on the ASX as it's Vocus NZ.
It's very possible it could merge with Sky next year and then be sold off from the Vocus Australian parent company. Vocus Australia was going to sell off their NZ assets back in 2017.
This is looking very interesting. Could unlock huge value here.
The question is, would Orcon/Slingshot/and Stuff branding all merge into Sky?
Sky has stadium and rugby naming rights next year, it's a better and well known brand in NZ. This would be a huge jump start to Sky broadband as it can tap into all of the existing Orcon/Slingshot/and Stuff customers.
Imagine all these companies combined and then launched under the Sky branding. Then spamming Sky TV customers with TV ads 24/7.
Vocus Australia is happy because they want out of the NZ market.
Seems like the perfect merger.
A merger would be unfair to Sky shareholders. Vocus shares will list at a premium no doubt, and Sky would be trying to merge with shares that are way undervalued imo.
I don’t see the value when we are in advanced stages of releasing our own broadband offer and have ~1M customers to market to right away. That is more likely to create highest long term value to Sky shareholders than trying to do mergers or acquisitions using our piddly equity as currency.
But this latest conspiracy theory is sure to keep the forum humming along quite nicely! It got awfully quiet there for a second!
Originally Posted by mistaTea
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