Tag Archive: AUSTAR

Jul 29

Austar confident Foxtel deal will go ahead

Tweet Takeover target Austar remains confident rival Foxtel can overcome competition hurdles to secure its $2 billion takeover of the company, it said today as it reported flat first-half revenues and subdued subscriber growth. Austar posted a more than three-fold increase in first-half profit but warned the outlook for pay-TV subscriber growth looked challenging for …

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Jul 27

Samuel admits Austar merger critical

Tweet The outgoing boss of Australia’s competition watchdog admits he is leaving his successor with a difficult issue to resolve – the planned $2 billion takeover of pay TV operator Austar by rival Foxtel. The Australian Competition and Consumer Commission (ACCC) has delayed its decision on the bid until September, indicating it sees problems in …

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May 27

Aussies outside cities to have more TV channels as Foxtel buys Austar

Tweet Australian consumers in regional areas will soon be able to enjoy access to new digital subscription channels, as long as regulators approve a new proposal to merge FOXTEL, Australia‘s largest pay-TV operator, with Austar United Communications Ltd. (AUN) FOXTEL has reached a conditional non-binding proposal to buy AUSTAR, which has 764,000 pay-tv subscribers, with …

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