Business Services Industry
Two's company, three's a crowd.
Australasian Business Intelligence, March, 2002
Mar 8, 2002 (The Age
ABIX via COMTEX) -- Before Foxtel and Singtel Optus can begin celebrating their pay-television deal, approval must be granted by the consumer watchdog. While the Australian Competition & Consumer Commission (ACCC) concedes that subscribers with be winners in the short term, it is concerned that the merger will give Foxtel a disproportionate hold of the pay-television market. According to Bob Peters, of Global Media Analysis, the Foxtel-Optus deal came about due to the global downturn in the media industry. Peters firmly believes that a rejection of the deal would be an "absolute tragedy" for Australia's pay-television market. If the Foxtel-Optus deal is given the green light from the ACCC, the next challenge for the industry will be to...
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