Sky Deutschland Shares Soar on Increased Subscribers, Outlook
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Sky Deutschland AG, the German pay-television operator controlled by Rupert Murdoch’s News Corp., rose the most in seven months after 2010 losses narrowed on more subscribers and it forecast a “significantly better” 2011.
Sky Deutschland shares soared more than 18 percent in Frankfurt, the biggest intraday gain since June 15, 2010, after the Unterfoehring, Germany-based company said its net subscribers rose 131,000 to 2.65 million in the fourth quarter with average revenue per user reaching about 30 euros ($39).