If they do, Sky TV and Vodafone will be unable to merge until further court orders are made. Despite the lower profit, Sky TV maintained its current dividend policy and will pay an unchanged interim dividend of 15c per share. ''What this result does, is reinforce the continuing challenge Sky TV has, with content costs now reaching 39% of revenues.'' In addition to the commission clearance, Sky TV and Vodafone NZ would also require approval from the Overseas Investment Office. For several reasons, such as high churn rates, Neon and Fan Pass were not as profitable as traditional Sky subscribers.

Source: Otago Daily Times February 22, 2017 17:04 UTC