Why the Sky Network (ASX:SKT) share price will be on watch today

The Sky Network Television Limited (ASX: SKT) share price will be on watch this morning. This comes after the company announced provided a business update in regards to its full year 2021 performance.

At market close yesterday, the Sky Network share price finished the day at 14.5 cents.

Sky upgrades guidance

The Sky share price will be in focus this morning after the company provided investors with a positive update.

According to its release, Sky advised that strong trading conditions have continued to run throughout the second-half of FY21. Management noted that it has diligently implemented cost saving measures as well as seen an uptick in satellite and streaming revenues.

As a result, the company upgraded its guidance again for…