Bid-Target Sky Lifts Payout As Profit Up On Customer Growth


The board explained that it was investing for future growth, with its Sky Mobile offer said to be "scaling well", along with successful launches of Sky in Spain and Switzerland. Working through the regulator's concerns about the Fox deal is a focus for Sky, Mr Darroch said on a call with reporters. Yet it may take longer than a year for Sky to completely transition away from satellites for all customers.

And all thanks to Rupert Murdoch's 21st Century Fox's £11.7 billion offer for the 61 per cent of Sky it doesn't own.

Mr Darroch's comments came as Sky reported rising profits and revenues in the first-half, boosted by original productions such as 1920s sex-and-crime saga Babylon Berlin.

The future of Sky News potentially hangs in the balance after the United Kingdom regulator said on Tuesday that Rupert Murdoch's ownership of the news service could block his £11.7bn for Sky because it gave him too much control over United Kingdom news media. The takeover is now being reviewed by Britain's Competition and Markets Authority, which is due to send its preliminary report on the deal to new United Kingdom culture secretary Matt Hancock by February 1. Last year, Sky spent £9m on the deal.

Group revenue rose 5% to £6.7bn, with underlying earnings before interest, tax, depreciation and amortisation (EBITDA) up 10% to £1.1bn.

Sky is due to launch an all-IP version of its service for the first time in Italy in April, meaning viewers will be able to access pay TV channels and on-demand content without needing a satellite dish.

At least 31 killed in fire at South Korean hospital
He ordered a full inquiry and said "utmost government efforts" were needed to support the injured and families of the victims. Song said three of the nine hospital staff on duty at the time died - at least one doctor, a nurse and a nurse's aide.

That being said Sky already has its toes in the streaming world given Sky UK owns Now TV.

With younger users used to the convenience and cost of cheaper streaming-only services, and the fact that younger generations are increasingly relying on rental properties where the installation of a satellite may not be permitted, the news has the potential to massively expand Sky's user base.

The service will be offered via Sky Q in Austria and Italy this year - but dish-free services in the United Kingdom will take a little longer. Instead he said that the regulatory process is being "predominantly led" by 21st Century Fox.

Sky's ongoing strategy to become less reliant on satellite technology and sports content will a take a major step forward with the launch of a full IPTV service.

Shares in Sky, which are trading at the highest levels since Fox announced its £10.75-a-share bid in December 2016, were up around 1% at one stage in the latest session in London.