Sky sells OSB assets to NEP NZ, secures 10 year partnership

Sky New Zealand
PO Box 9059
Newmarket
Auckland 1149
New Zealand

10 Panorama Road
Mt Wellington
Auckland 1060
New Zealand

T. +64 9 579 9999

sky.co.nz





12 August 2020
Sky sells its Outside Broadcast assets to NEP New Zealand
and secures long-term partnership
Sky Network Television Ltd (SKT) has successfully negotiated the sale of its Outside Broadcast (OSB)
assets to global operator NEP.
As part of the transaction NEP New Zealand will be Sky’s technical production partner in New
Zealand for the next ten years, ensuring that Sky continues to deliver high-quality sport production
to its customers.
Upon completion, NEP will own OSB’s assets including six HD OB units and all ancillary equipment,
and NEP has secured two OSB warehouse facilities. The majority of OSB team members and some
Sky broadcast specialists will transition to NEP New Zealand, and Sky will retain its world-class sports
production team who will work closely with NEP New Zealand to keep the sports broadcast action
coming.
The transaction allows Sky to focus its efforts on developing more creative and diverse content and
further enhancing its great storytelling, and to leverage NEP’s extensive global network and technical
resources. It enables Sky to avoid future significant capital investment of around $50 million for
broadcast equipment that would be needed in the next five years to stay at the forefront of
broadcast technology, while continuing to give its customers the best sports viewing experience.
The transaction is consistent with Sky’s approach to partnering where it makes sense for its
customers and investors, and remains subject to regulatory approvals under the Commerce Act and
Overseas Investment Act.
Terms of the transaction are confidential.
ENDS

Authorised by: Sophie Moloney, Company Secretary
For further information, please contact:
Sophie Moloney
Chief Commercial Officer and Company Secretary, Sky
(09) 579 9999
sophie.moloney@sky.co.nz

Investors can also submit queries to: investorrelations@sky.co.nz

About NEP
NEP New Zealand is a Broadcast Services Company of NEP Group, the leading worldwide outsourced
technical production partner supporting premier content producers of live sports and
entertainment. For over 30 years, NEP has provided the technology and know-how for remote
production, specialty capture, RF and wireless video/audio, studio production, audio visual solutions,
host broadcast support, post production, connectivity and transmission, premium playout and
innovative software-based media management solutions. NEP’s 4,000+ employees worldwide are
driven by a passion for superior service and a focus on technical innovation. Together, they have
supported productions in 88 countries on all seven continents.
NEP is headquartered in the United States and has operations in 24 countries including New Zealand.
Learn more at nepgroup.com or nepgroup.co.nz.