Business Services Industry
Fewer join Austar, backers bale.
Australasian Business Intelligence, January, 2006
Byline: Lisa Murray
Jan 30, 2006 (The Sydney Morning Herald - ABIX via COMTEX) -- Australian pay TV service Austar United Communications is not performing well. Austar has attempted to justify the fact that its subscriber base grew by just 46,046 in 2005, in contrast to 65,000 in 2004, by claiming that the strong anti-piracy measures
it introduced in 2004 had led to an influx of previously illegitimate pay TV users. Also, Austar predicts that it will indeed reach its target 30 market penetration. The stock
market, however, is apparently unimpressed by such promises. Austar's shares fell to a mere $A1.01 on 30 January 2006. The company will report its 2005 results on...
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