Business Services Industry
Austar plunges on debt worries.
Australasian Business Intelligence, August, 2001
Aug 23, 2001 (The Age
ABIX via COMTEX) -- Australian pay television group, Austar, will issue a statement on its 2001 half-year result. The information, due to be released on 23 August, is in response to a query from the Australian Stock Exchange. In mid-August the company revealed that losses for the six months to the 30 June had increased to $A196.1 million. Austar shares fell 30 per cent to close at $A0.29 on 22 August, amid concerns about its ability to refinance its loans and problems reported by its US parent, UnitedGlobalCom.
AUSTAR UNITED COMMUNICATIONS LIMITED
- ASX AUN:
UNITEDGLOBALCOM INCORPORATED:
AUSTRALIAN STOCK EXCHANGE LIMITED -
ASX ASX:
UNITED PAN-EUROPE COMMUNICATIONS NV: PRIORITY...
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