Arab Today, arab today australia\s foxtel wins us206b austar takeover
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

Australia\'s Foxtel wins US$2.06b Austar takeover

Arab Today, arab today

Arab Today, arab today Australia\'s Foxtel wins US$2.06b Austar takeover

London - Arabstoday

Foxtel, the Rupert Murdoch-linked Australian pay-TV provider, on Tuesday won its US$2.06 billion bid for regional television operator Austar, after the competition watchdog gave its consent. Foxtel, owned by Telstra Corp., Consolidated Media Holdings and Murdoch's News Corp., made its offer for Austar United Communications in 2011, saying it hoped to create one of Australia's largest media businesses with the merger. The Australian Competition and Consumer Commission (ACCC) said Tuesday it would not oppose the acquisition after accepting court-enforceable undertakings from Foxtel. These prevent Foxtel from acquiring exclusive Internet protocol television (IPTV) rights for a range of popular television programmes and movie content, or exclusively buying any movies delivered via video-on-demand. Under the undertakings, in place for eight years, Foxtel is also barred from buying exclusive mobile rights to television shows and movies where the rights are sought by its rivals in combination with IPTV rights. "The proposed acquisition would bring together the two main subscription TV industry players in Australia, each with a substantial customer base and significant access to key content," ACCC chairman Rod Sims said. "By reducing content exclusivity, the undertakings will lower barriers to entry and promote new and effective competition in metropolitan and regional telecommunications and subscription television markets." Sims said that with the undertakings offered by Foxtel, the ACCC was satisfied that the proposed acquisition was "unlikely to substantially lessen competition". The takeover is expected to be finalised by late May. The ACCC's green light comes weeks after News Corp. was hit by charges that it used hackers to undermine security systems used by On Digital in Britain, and also sabotaged Austar and Optus in Australia. Murdoch has shrugged off the reports as "lies and libels" but they have added to pressure on his media empire, which is under siege over a phone-hacking scandal in Britain.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s foxtel wins us206b austar takeover Arab Today, arab today australia\s foxtel wins us206b austar takeover

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s foxtel wins us206b austar takeover Arab Today, arab today australia\s foxtel wins us206b austar takeover

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday