Business Services Industry
Access to content and cable expected.
Australasian Business Intelligence, June, 2002
ABIX via COMTEX) -- The Australian Competition & Consumer Commission (ACCC) has blocked a proposed pay television (pay-TV) deal. In order to get their deal past the ACCC, Foxtel (50 owned by Telstra) and Singtel Optus are believed to be ready to guarantee competitors access to their pay-TV content and cable networks, but they have given no indication of whether they are prepared to drop the "first and last rights" clause. Under the clause, which ACCC chairman, Professor Allan Fels, describes as a "serious issue", Foxtel will have the first and last rights to acquire any Optus pay-TV assets if Optus decides to quit the industry. This could mean Telstra would also gain control of the only metropolitan cable network other than its own, and it could make it difficult for...
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