Tag Archive: Australia

Aug 15

A Setback for Liberty Global

Tweet Liberty Global Inc. (NasdaqGS: LBTYA – News), a leading cable operator in Europe, Latin America, and Australia, continues to suffer setback regarding its ongoing business restructuring strategy. During the last couple of years, Liberty Global was reorganizing its operations through acquisitions of new businesses and disinvestments of its existing set ups. However, things turned …

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Aug 12

SingTel profit dips on forex losses

Tweet SingTel has revealed its first quarter profit slumped 2.9%, due to forex woes and finance and tax expenses. The company reported net profit of S$943 million ($773 million), and 7.4% higher group revenue of S$4.29 billion. SingTel’s core businesses in Singapore and Australia – through subsidiary Optus – each grew revenue around 2% – …

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Aug 12

Austar merger ‘still on cards’

Tweet Pay-TV operator, Foxtel, believes that its proposed $A1.9 billion takeover of Austar United Communications will go ahead. The preliminary finding of the Australian Competition & Consumer Commission is that the merger will significantly reduce competition. Foxtel CEO Kim Williams said that sound arguments have been advanced to show that competition will not be reduced. …

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Aug 01

Australian pay-TV revenues rise

Tweet Australian subscription TV’s advertising revenue has increased by 7 percent in the first half of 2011, ChannelNewsreports. A report compiled by Ernst & Young reveals net ad revenue of over A$180 million (US$198 million) from 1 January to 30 June. Click here for complete story.

Jul 25

Foxtel Threatens Legal Action If Their Pay TV Monopoly Is Challenged

Tweet Foxtel who have had a 15 year monopoly in the pay TV market has hinted that they will take legal action against the Australian Competition and Consumer Commission if they the ACCC fail to approve their acquisition of regional pay TV operator Austar. Foxtel who have had a 15 year monopoly in the pay …

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