Quote:
Originally Posted by grabbi
£5bn debt is a bloody hefty amount! What the bloody hell have they been doing?!
They need to sort this out... We need some money pumping into this Company.
We have half the Customers Sky has, yet Sky has a Credit!
And aquisitions of more companies is ADDING to the debt!
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I far as I am aware this is from the days the cable company had to lay all those nice cables to all the homes. Yes some of this will also be down to the merging of cable companies. Sky on the other hand only have to pay to use astra service. So they are bound to have less debt or none.
It will take years to pay off the debt. However once it has done SKY know they would be in trouble. SKY cannot compete in america and this is there biggest fear.
Incidently apparantly Hull seperate cable company kingston comunications is up for offers by there council will Virgin media take this too. Would that then make virgin media the only cable company in the uk or is there any more out there