Casting about for Sky $hares... Only the good sky fishers can cast that far
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https://www.nzherald.co.nz/business/...YAK4U2DCXSKWI/Quote:
Sky TV co-founder Terry Jarvis offloads manuka honey business to NZX-listed Me Today for $36m
https://www.youtube.com/watch?v=j2d6T5G2rrY
I appreciate you may want to shut this topic down - but you brought it up mate.
I still don’t see what your point is.
Spark and Vodafone are customers of Sky then? If 2Degrees got a wholesale reseller deal then they would be a Sky customer too based on your reasoning? So I guess sky must be vertical after all too!
Yes that is true.
Most of Sky's revenue (by far) comes from satellite subs. Sky own the network & infrastructure (satellite dishes and set top boxes) and also retail the product (content). They also produce some original content (example: Crowd goes wild) and, until recently, produced live sport matches (OSB).
Vocus own a broadband network and retail it to their customers (Orcon and Slingshot).
In that sense I think you could argue that both businesses are vertical.
Now then, Sky is absolutely moving to become a horizontal business. They are doing this by offering their product to other business on wholesale terms. They currently have wholesale deals with Vodafone and Spark. The previous CEO made no bones about the fact that he wanted even more partnerships...with whoever was interested and where Sky would be a value-add to their service.
Vocus also offer their services wholesale so that other businesses can offer telco services. Their recent partnership with Sky shows that they are prepared to offer terms that effectively allow another company to enter the market and be a competitor. Yes, Sky is their 'customer' and they make money off any Sky Broadband customers...but less money than they do off Orcon/Slingshot customers (who might switch to Sky Broadband, given the bundles on offer).
So in that respect both businesses are horizontal (or rapidly moving in that direction anyway).
So, what the Hell is my point?
My point is that trying to pigeon hole these two businesses in black and white "this one is vertical, this one is horizontal" is meaningless in 2021. The world has moved on and is a lot more 'grey' now.
When I look at the two businesses and what they do, the notion that Vocus and Sky could not merge (or have one take over the other) because Sky is 'horizontal' and Vocus is 'vertical' leaves me scratching my head.
Of course they could merge. Doesn't mean it would make sense. That's my last comment, and you win the internet.