ACCC: ACCC not to intervene in PBL/Foxtel Acquisition.

0 Comments | M2 Presswire, December, 1998

M2 PRESSWIRE-3 December 1998-ACCC: ACCC not to intervene in PBL/Foxtel Acquisition (C)1994-98 M2 COMMUNICATIONS LTD RDATE:031298 The Australian Competition and Consumer Commission will not intervene in PBL's acquisition of a 25 per cent interest in Foxtel. 'In its analysis of the broadcasting industry, the ACCC has taken the view that the entry of PBL into Foxtel will not in itself lead to a substantial lessening of competition in any market,' ACCC Chairman, Professor Allan Fels, said today.

'The ACCC would be concerned if the alliance of the interests of PBL, News and Telstra in pay TV were used in future to lessen competition in pay TV and related broadcasting and telecommunications markets. This concern would apply particularly (but not solely) to...