Business Services Industry
Foxtel to fight for pay-TV merger.
Australasian Business Intelligence, June, 2002
ABIX via COMTEX) -- The Australian pay television group, Foxtel, will work to give media companies access to its cable. Foxtel's CEO, Kim Williams, said the central issue in winning approval for a $A1.3bn content-sharing deal with pay television rival Singtel Optus is a transparent and enforceable access regime. On 21 June 2002, the Australian Competition and Consumer Commission rejected the deal because of competition issues. The commission's chairman, Allan Fels, said the parties would meet again in two weeks, and he still had an open mind on a restructured deal.
Publication Date: 22 June 2002
FOXTEL: SINGTEL OPTUS PTY LTD: SINGAPORE TELECOMMUNICATIONS LIMITED
- ASX SGT:
AUSTRALIAN COMPETITION AND CONSUMER
COMMISSION:...
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