SKT Sky Network Television Limited.

[mistaTea]

Sky is priced like a business that is dying rather than re-inventing itself. Alone the name recognition is worth millions. Any future merged company would be amiss not to continue with that name.

Agreed, and if I am right about an eventual merger with Vocus (it just seems like such a logical step to the existing wholesale arrangement as both businesses stand to benefit enormously from each other)...it would be insane to use anything other than the Sky brand.

[mistaTea]

https://cdn-api.markitdigital.com/ap...df02a206a39ff4

IFT paying a NZ$94M divvy! Christ, at Sky's market cap they could have bought damn near a third of the business for that! Just with the spare cash lying around!

Ogg what's going on mate? Did you not get Marko into line in the end?

[Ogg]

https://cdn-api.markitdigital.com/ap...df02a206a39ff4

IFT paying a NZ$94M divvy! Christ, at Sky's market cap they could have bought damn near a third of the business for that! Just with the spare cash lying around!

Ogg what's going on mate? Did you not get Marko into line in the end?

Bro, I've got a new strategy.

Sell when Handley sells, or on July 15 when his disclosure period ends.

[Ogg]

Mr Singapore right on time.

[Ogg]

Here you go mistaTea

https://www.afr.com/street-talk/mira...0210519-p57t68

$2 billion debt package. Non-investment grade.


Vocus shareholders were due to vote on the takeover on June 22. If successful, MIRA and Aware Super would take the keys on July 22.

[Ogg]

$150 million delayed draw term loan.

Some cash left over to buy something else...

[clown]

Another 2mil off market trade today

[mistaTea]

Here you go mistaTea

https://www.afr.com/street-talk/mira...0210519-p57t68

$2 billion debt package. Non-investment grade.


Vocus shareholders were due to vote on the takeover on June 22. If successful, MIRA and Aware Super would take the keys on July 22.

Not long now! Let’s see what happens from here and if anything interesting unfolds for us…

[Ogg]

Not long now!

[Ogg]

Not long now! Let’s see what happens from here and if anything interesting unfolds for us…

It's a 7 year loan.

If they were smart they would buy Sky, change all Ocron/Slingshot/Flip/Stuff branding to Sky, then relist both entities before the loan matures.

From the scheme booklet yesterday:

Management’s direction for Vocus NZ going forward is to continue capturing market share opportunities
that exist in New Zealand by leveraging its existing network reach and capacity. Given Vocus NZ current
holds a small share (particularly within mobile and energy), which is dominated by Spark New Zealand
and Vodafone, Management sees opportunity for growth – smaller players have been taking share from
larger players by offering price competitive products. This can be achieved through acquisitions of
players such as Stuff Fibre.
Vocus has been preparing for an IPO of Vocus NZ to divest 100% of the business, planned to be
undertaken by 30 June 2021. The proceeds from the IPO are intended to deleverage Vocus and provide
sufficient capital to fuel investments and growth in VNS. Consistent with its obligations under the
Proposed Scheme, Vocus is no longer pursuing the IPO during the period under which the Proposed
Scheme is in effect

Seems clear that the IPO is off.

MIRA must want Voucs NZ, for what ever reason, otherwise why wouldn't they just let it be spun off?

Friday 25 June is binding date. So I assume June 28 is when they can make a play. If ComCom block then they might as well spin of Vocus NZ in an IPO ASAP.