News Sky declare war on cable firms

Discussion in 'Article Discussion' started by WilHarris, 18 Oct 2005.

  1. WilHarris

    WilHarris Just another nobody Moderator

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    WilHarris, 18 Oct 2005
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  2. yodasarmpit

    yodasarmpit Modder

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    I seen this announced earlier in the week but no mention of which ISP they were to take over.
    This seems like great news for Sky, as they will now be able to offer Pay TV, Internet and phone service.
    Sky are also said to be spending a large sum of the £1B, they will raise in a stock issue, installing their own equipment in telephone exchanges, which would also pit them against BT.


    TBH I always wondered why they didn't embark on this adventure ages ago, it seemed like the logical path especially as NTL/Telewest are providing just such a service.

    Here's hoping that Sky staff get free internet to go along with our free satellite TV. :D
     
    Last edited: 18 Oct 2005
    yodasarmpit, 18 Oct 2005
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  3. finboz

    finboz What's a Dremel?

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    bah humbug, sour grapes and all that :D
     
    finboz, 18 Oct 2005
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  4. blackerthanblack

    blackerthanblack Minimodder

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    No fair :worried:

    Here's hoping that the Telewest/NTL merger can offer at least some competition to stop them charging what they want.
     
    blackerthanblack, 18 Oct 2005
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  5. yodasarmpit

    yodasarmpit Modder

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    Well they (Telewest/NTL) have struggled to compete as it is, even with offering broadband and phone services.

    You are probably right, if things go the way Sky would like, then they would be in a monopolistic situation and could in theory charge as they like. But people will only pay so much even without choice, they will simply walk away - Sky can't afford to do that with its share price as low as it is.
     
    yodasarmpit, 18 Oct 2005
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  6. finboz

    finboz What's a Dremel?

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    is this a buy, buy, buy, tip yoda :naughty:
     
    finboz, 18 Oct 2005
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  7. yodasarmpit

    yodasarmpit Modder

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    Put it this wa for a company of Sky's stature, the share price is almost at its all time low, it can only go up.
    Might be something worth considering.
     
    yodasarmpit, 18 Oct 2005
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  8. MrWillyWonka

    MrWillyWonka Chocolate computers galore!

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    Hmm, can you buy shares online? Wouldn't mind buying some! My grandfather makes a living out of buying and selling shares!

    And I think its great news anyway, I've always hated easynet and their crappy service, so hopefully that'll go away now.
     
    MrWillyWonka, 18 Oct 2005
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  9. Dodge

    Dodge What's a Dremel?

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    The market doesnt like the reaction to this news, down 2.5% today and finsihing low, so expect the price to drop on open tomorow also. Price should rise back up tomorow though and will rise until the share issue. But with the share issue investors arnt keen on having there % in the company slashed.
     
    Dodge, 18 Oct 2005
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  10. yodasarmpit

    yodasarmpit Modder

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    Slight update


    So not a lot more than we already knew.
     
    yodasarmpit, 21 Oct 2005
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