UPDATE: Sky TV, Spark shares rise after settlement squashes 'Global Mode'

Wed, 24 Jun 2015

(Recasts with share prices, fund manager and Internet NZ comment) By Paul McBeth June 24 (BusinessDesk) - Sky Network Television and Spark New Zealand shares gained after the consortium of telecommunications companies and broadcasters cut a deal with rebel internet service providers, effectively blocking Kiwis from accessing global content in breach of the firms' local rights. In a statement to the NZX, Sky said the legal proceedings against ISPs offering 'global mode' have been dropped after the parties reached a settlement that will...

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