Sky Direct Shutdown To Weigh On Philippines' Pay-TV, Industry Risks

摘要

1.The termination of services of Sky Direct and ABS-CBN highlights the politicisation of telecoms services in the Philippines. 2.This, coupled with the country's fluid and inefficient telecoms regulatory regime, which has been a deterrent to foreign investment, has led us to revise the country's Telecoms Industry Risk Reward score downward to 46.1 points out of a potential 100. On June 30, the National Telecommunications Commission (NTC) issued a cease and desist order to Sky Cable Corporation, forcing the company to stop its direct broadcast satellite service Sky Direct, as well as its broadcasts of its TV Plus channels in Metro Manila. The order follows the May 5 decision where the NTC pulled off air the country's leading television network ABS-CBN - the parent company of Sky Cable - following its failure to secure a provisional franchise from the regulator.