Brief: Sky Network Television Provides Update On Status Of Satellite Supply

Sky Network Television

19/08/2024 09:52

Aug 19 (Reuters) - SKY Network Television Ltd  SKT.NZ :
    * SKY PROVIDES UPDATE ON STATUS OF SATELLITE SUPPLY
    * OPTUS 11 SATELLITE THAT WAS EXPECTED TO BE READY FOR
SERVICE IN
LATE 2025 HAS EXPERIENCED FURTHER MANUFACTURING DELAYS
    * EARLIEST OPTUS EXPECTS TO OFFER ACCESS TO THIS SPACECRAFT
IS
DURING 2027
    * CONSIDERS THERE IS POSSIBILITY FOR FURTHER DELAY BUT DOES
NOT
ANTICIPATE ANY DISRUPTION TO ITS SATELLITE SUPPLY AS A RESULT
    * IS CONFIDENT IT CAN ACHIEVE MIGRATION TO AN ALTERNATIVE
SATELLITE BY MAY 2025
    * OPTUS HAS OFFERED SKY TWO SATELLITE PATH OPTIONS TO
REPLACE
OPTUS D2
    * ACCELERATION OF MIGRATION PROGRAMME WILL MEAN SOME
REPHASING OF
COSTS FROM FY26 INTO FY25
    * CONTINUES TO RECEIVE ASSURANCE OF SECURITY OF SUPPLY FROM
OPTUS
THROUGH TO 2031
    * OPTUS HAS NOTIFIED SKY THAT END OF COMMERCIAL OPERATION OF
OPTUS
D2 SATELLITE HAS BEEN BROUGHT FORWARD TO MAY 2025

Further company coverage:  SKT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))