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An announcement from SKY Network Television ( (SYKWF) ) is now available.
Sky Network Television is progressing with its accelerated migration plan to move from the current Optus D2 satellite to a new satellite by May 2025, driven by the earlier-than-expected end of the D2 satellite’s commercial life. The company has selected a preferred satellite option located in the same orbital slot, reducing disruptions for customers, and is addressing signal issues by increasing customer support. The financial impacts of this transition will be treated as one-off items, not affecting the FY25 guidance or dividend policy.
More about SKY Network Television
Sky Network Television, operating in the broadcasting and media industry, primarily provides television services in New Zealand, offering satellite and internet-connected options to its customers.
YTD Price Performance: 2.35%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $233.8M
For an in-depth examination of SYKWF stock, go to TipRanks’ Stock Analysis page.
