| ADMIN: SKT: SKY Renews Satellite Agreement with Optus |
02:37p.m. |
|
| SKT |
| 21/12/2018 14:37 |
| ADMIN |
| NOT PRICE SENSITIVE |
| REL: 1437 HRS Sky Network Television Limited |
| |
| ADMIN: SKT: SKY Renews Satellite Agreement with Optus |
| |
| SKY Renews Satellite Agreement with Optus |
| for immediate release, 21 December 2018 |
| |
| SKY Television has secured satellite capacity for a further 10 years with an |
| agreement signed with Optus Networks Pty Ltd today. |
| The deal means that SKY can continue to ensure that its great content, |
| particularly live sport, can be reliably delivered to 100% of New Zealand. |
| SKY's future services, including the 'next generation SKY' boxes that will be |
| delivered later in 2019, will embrace internet delivery while ensuring that |
| those customers who don't have access to streaming-capable internet can |
| continue to receive and enjoy SKY's content. The hybrid delivery of SKY's |
| content via the satellite and internet is a key competitive advantage, |
| particularly for sport. |
| Under the deal, Optus will provide SKY with satellite capacity to 2031. The |
| current contract expires in 2021. |
| The cost of SKY's investment under the contract is in excess of $200 million, |
| evidence of SKY's commitment to ensuring it can service all New Zealanders. |
| The contract is conditional on Optus procuring fleet enhancements which |
| include the successful launch of a new satellite at 160oE to replace the |
| existing D1 satellite. |
| The new deal with Optus builds on a strong history with the two companies. |
| SKY first went digital in 1997 when it acquired capacity on the Optus B1 |
| satellite. Optus launched the D1 satellite for SKY in 2006, and in 2007 |
| expanded its bandwidth to allow SKY to deliver HD content to its customers. |
| Today's renewal allows SKY to continue delivering on its roadmap for 4K and |
| HDR content, which includes the goal of delivering reliable 4K content to all |
| of New Zealand. |
| |
| - ENDS |
| |
| For further information, please contact: |
| Jason Hollingworth |
| Chief Financial Officer |
| SKY Network Television Ltd |
| +64 9 579 9999 |
| jhollingworth@skytv.co.nz |
| End CA:00328838 For:SKT Type:ADMIN Time:2018-12-21 14:37:55 |
