RE: Sky Valuation v BT26 Jul 2018 22:53
Hey Pacey, not exactly..... as you know I’m fully invested in BT. But I do think Sky and it’s business model in the modern world is a perfect antidote to the “network is king “ chorus. I happen to be one of the few here to think 10-20 years ago that might have been the case, but no longer do. Sky to me looks like a wonderful example of a business free to get on with what it does best, without needing to reinvest vast sums upgrading a national network. Of course I might be wrong. SKY may yet fall victim to Netflix or other services, all of which don’t have a massive network cost either. I think over the top companies have the network (access ) paid for by their customers, who then pay a premium for content. I’m not sure if there is an argument to be had here regarding which of these two companies is growing and which is contracting. I do how ever remain positive BT will recover a bit, but I also think this recovery might be it’s last investment opportunity.