Quote:
Originally Posted by m419
It may leave the UK, but it is actually doing ok, they don't want to sell up too soon as it would be seen as a wasted investment.
Sky does not have £4 Billion to build a proper network out of that spectrum plus a couple more billion to takeover 3. Why would they risk all that money when there is already too much competition. It would take them many years to make the money back.
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Just like BT just spent £700million of football rights, sometimes if you can't buy the milk at the right price you have to go buy the farm. 2-3years from now mobile internet will be massively fast and reliable.
If Sky are going to create debt then this is the best place, they have recently bought the cloud wifi network aswell dont forget. They understand the need to able to offer your customers data on the move.
Sky has to launch a mobile network of its own, and it will. When they asked on the official Sky forums last year they got an over whelming YES from customers that they want Sky mobile. Sky already have 10million customers and more tripple pay customer than Virgin, itmakes sense to think a lot of these customers would move mobile provider to Sky. I would,
I really don't think Sky have a choice, they NEED a mobile network, they don't need the cash if they fund it with debt, god knows cable companies financed cabling 50% of the UK with debt.
Virginmedia have a virtual network and that was financed with debt even though they were already £5.6 billion in debt.