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Author Topic: Sky UK Unveils New Sky Q TV Upgrades as Comcast Bids £22.1bn  (Read 307 times)


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Sky UK Unveils New Sky Q TV Upgrades as Comcast Bids £22.1bn
« on: February 27, 2018, 01:51:55 PM »

Sky (Sky Broadband) has announced that their premium Sky Q TV platform will, starting from March 2018, be enhanced by multiple new features (e.g. HDR content, Spotify, improved voice controls etc.). On top of that Comcast has moved to counter Murdoch with a £22.1bn takeover bid for Sky.

Overall Sky intends to make several big changes and improvements to their Sky Q platform and we’ll cut to the chase by summarising these below. Headline features include support for Spotify, a new widescreen User Unterface (UI) and the amount of Ultra HD (4K) content available will double this year.

Meanwhile Rupert Murdoch’s (21st Century Fox) on-going £18.5bn effort to acquire Sky has been dealt a blow after US cable TV giant Comcast tabled a more attractive £22.1bn takeover bid for Sky. The move could be more politically and economically acceptable than Murdoch’s offer, which might just swing the pendulum in Comcast’s favour. However Fox and Sky have already signed an agreement and this may complicate matters.

The proposal (£12.50 per share) represents a premium of approximately 16% versus the current 21st Century Fox offer price of £10.75 for each Sky Share.

In the USA Comcast also sells a cable (DOCSIS) and FTTH ultrafast broadband service via their Xfinity brand.

The full market announcement can be found here:

An interesting move if Comcast comes in, especially as they also bring their own broadband technology.
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Re: Sky UK Unveils New Sky Q TV Upgrades as Comcast Bids £22.1bn
« Reply #1 on: February 27, 2018, 03:30:15 PM »

I strongly suspect Comcast aren't going to build an access network in the UK, or anywhere else in Europe, from scratch. Sky have a pretty fantastic deal on Astra transponders that makes it difficult to justify spending billions replacing them with a terrestrial transmission network.

Comcast's technology is nothing special it's just standard DOCSIS 3.1 alongside some metro-Ethernet.

I suspect they are after the content more than anything else, much as 21CF are. That said given they mention an interest in European assets and obviously that alongside the massive content business they are also the largest non-international cable company in the world they might start looking at Liberty Global as an option. In between dodging significant non-essential capital expenditure on cable networks outside of expansion Liberty have had the odd foray into content.