Contact Center Solutions Industry News

TMCNet:  IPTV hurdle for Austar deal

[March 25, 2012]

IPTV hurdle for Austar deal

Mar 25, 2012 (The Australian Financial Review - ABIX via COMTEX) -- Stockholders in Austar United Communications are scheduled to vote on 30 March 2012 on the proposed merger with fellow pay TV group Foxtel. However, this may now need to be postponed after fresh regulatory concerns have been raised by the Australian Competition & Consumer Commission (ACCC). It is said to fear Telstra, which owns 50% of Foxtel, could use the new combined entity to dominate and stifle the market for internet TV. The next deadline in the merger process will be 5 April, when a court hearing will take place, and Austar wants ACCC approval by then.

Publication Date: 26 March 2012 AUSTAR UNITED COMMUNICATIONS LIMITED - ASX AUN TELSTRA CORPORATION LIMITED - ASX TLS FOXTEL FOX SPORTS AUSTRALIAN COMPETITION AND CONSUMER COMMISSION AUSTRALIAN FOOTBALL LEAGUE NATIONAL RUGBY LEAGUE LIBERTY GLOBAL INCORPORATED ESPN INCORPORATED WALT DISNEY COMPANY SKY NEWS AUSTRALIAN NEWS CHANNEL PTY LTD

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