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Earnings Preview: Analyst Warns On Sky Broadband Outlay

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Sky is disappointing one investment analyst ahead of its April 30 Q3 results. Morgan Stanley’s Patrick Wellington circulated a note, warning Sky will to spend big to keep pace with Virgin Media (NSDQ: VMED) and BT’s high-speed, next-gen broadband roll-outs: “This could mean capex of £675 million to £785 million over three to four years and meaningful initial start-up costs. Timing and scale of incremental investment is uncertain.” Via City AM.

It was only earlier this month that Moodys upgraded its Sky forecast in light of consumer growth, low debt and high per-customer revenue. But Morgan Stanley (via RapidTVNews) says the satcaster is “less financially resilient

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