Sky Pre-Registers 46,000 Customers for Mobile Service
30 November 2016 - 5:29AM
Dow Jones News
By Simon Zekaria
LONDON--Sky PLC (SKYAY) said Tuesday that more than 46,000
customers had pre-registered for its mobile service in the U.K.
SIM-only contracts will be offered at the start of December to
existing Sky customers and those who have pre-registered, with a
full launch due in 2017, the British media services group said. The
offer will allow customers to roll over their unused data
allowance.
Sky, which will use O2's wireless network, said it values the
U.K. mobile market at 15 billion pounds ($18.7 billion). It will
compete with mobile providers like Vodafone Group PLC, BT Group PLC
and Liberty Global PLC's Virgin Media.
Analysts are split on whether Europe's biggest pay-television
company by subscriber numbers is likely to succeed in the mobile
space.
"Sky has got most of the infrastructure in place. It is good at
cross selling," said Morgan Stanley analyst, Patrick
Wellington.
Others say Sky could struggle financially from piggybacking on
another operator's network.
"We think Sky mobile's economics are clearly inferior to those
of network owners like EE," said Haitong analyst, John Karidis.
"O2's network remains markedly inferior to those of its three
rivals," he added.
Write to Simon Zekaria at simon.zekaria@wsj.com
(END) Dow Jones Newswires
November 29, 2016 13:14 ET (18:14 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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