The Commerce Commission has declined to grant clearance for the proposed NZ$3.44bn (US$2.45bn) merger of Sky Network Television and Vodafone New Zealand claiming the merger would reduce competition. Sky CEO John Fellet said that while the planned merger met with a very disappointing conclusion, his company “will continue to strive to deliver innovative ways to curate and deliver entertainment to all of New Zealand.”
US satellite TV provider DishNetwork’s latest earnings surpassed analysts’ expectations despite intensified competition as rumours of a tie-up with local telcos linger in the backdrop. While Dish Network’s revenues for the quarter ending 31 December 2016 dipped modestly from the same-year ago period, it added far more subscribers than most market participants anticipated.
Incumbent telecoms operator Spark New Zealand has requested the high court to grant a 36 hour-stay in the event the proposed combination of rivals Vodafone New Zealand and Sky Network Television wins antitrust approval later this week. The New Zealand Commerce Commission is set to announce the result of its investigation into the NZ$3.44bn (US$2.45bn) merger on 23 February and, if it gets the nod, Spark wants time to lodge an appeal before the creation of what would be a formidable rival if completed.
Space Systems Loral has signed a contract with the US Defense Advanced Research Projects Agency (DARPA) to embark on a new business maintaining in-orbit satellites by commercialising the agency’s robotic servicing of geosynchronous satellites programme. The move puts SSL in direct competition with Orbital ATK, which has already signed up Intelsat for its satellite life extension service with its MEV-1 vehicle set to launch in 2019. Orbital ATK has sued DARPA in an attempt to prevent it from moving ahead with SSL.