Foxtel’s proposed merger with Austar took another step in the right direction last week when the Australian Competition and Consumer Commissions (ACCC) commenced market consultations over Foxtel’s draft undertakings. Foxtel has provided the ACCC with undertakings in order to allay ACCC concerns that a merged company would hamper competition in the IPTV market. Foxtel and Austar, along… Continue reading Foxtel-Austar merger makes sense
Tag: ACCC
Revenue grows ahead of FOXTEL’s big year
FOXTEL yesterday announced a jump of 5.1% in subscription revenues for the six months to 31 December 2011. This result was off the back of solid improvements in the take-up of FOXTEL products by FOXTEL customers including FOXTEL’s iQ, multiroom and high definition digital offerings. This is a good result for FOXTEL in a tough retail environment… Continue reading Revenue grows ahead of FOXTEL’s big year
AUSTAR seeks to delay shareholder vote on FOXTEL
AUSTAR has today announced that it will seek court approval to postpone its Shareholder Meetings relating to the proposed acquisition of AUSTAR by FOXTEL until the end of March 2012. AUSTAR is seeking this request to allow more time for the Australian Competition and Consumer Commission (ACCC) to finalise its review of the transaction. On… Continue reading AUSTAR seeks to delay shareholder vote on FOXTEL