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SBD Global/January 31, 2014/Finance
Sky Reports Rise In Sales Despite 'Noisy' Competition From BT Sport
Published January 31, 2014
BT BATTLE: In London, Mark Sweney reported broadband subscribers, "the focus of its battle with BT," grew by 110,000 to 5.1 million in the last three months of the year. Investors "are keeping a keen eye on the company's churn rate," the proportion of customers that leave Sky, to "gauge the impact of BT's deep-pocketed spending on building its TV service." There "has been speculation" that Sky might need to "add a mobile offering to boost its range of products to customers." When asked about a potential deal with Vodafone, Sky CEO Jeremy Darroch "did not explicitly deny that talks had taken place," but said speculation of a merger or acquisition was "wide of the mark." Darroch: "We talk to lots of different companies about lots of things, it is part of the ecosystem of the market" (GUARDIAN, 1/30).