Austar Maybe Taken Over By Foxtel!
Posted 07 January 2012 - 09:38 PM
Posted 07 January 2012 - 09:45 PM
With Austar shares currently trading at more than 20 per cent below the offer price, the market is clearly unsure whether the $1.9 billion deal will be blocked or approved in a form that is unacceptable to both parties.
Indeed, it is understood that Foxtel has discussed potential undertakings on content and programming issues with the regulator, suggesting any ACCC imprimatur will be conditional.
A key approval risk, therefore, is that the ACCC will seek to force Foxtel and its shareholders, including Telstra, to accept conditions that require a high level of content regulation and, hence, make merging with Austar commercially unpalatable.
that's all ill post
Posted 11 January 2012 - 09:33 AM
Didn't know you couldn't plug your aerial into the iQ,I love the fact that all my FTA channels run through my Austar box.
You'll love a box even more that doesn't reset itself randomly, doesn't go offline for 20+ minutes every morning to do stupid updates, gives you access to on demand content and just works as it should!
But trying to explain how an IQ box performs to Austar customers is like trying to explain the visual world to people that are blind. Austar has kept you in the dark for far too long.
I'd say they will use the austar boxes until the roll outs complete. i saw the Iq boxes on the foxtel website can't wait austar rebooting all the time gives ya the shits especially when your on foxsports channel and press red and it reboots lol cant wait to see the back of it the sooner we get the new IQ the better
Posted 16 January 2012 - 03:51 PM
Edited by Andyt32, 16 January 2012 - 03:53 PM.
Posted 11 February 2012 - 11:16 AM
Posted 12 February 2012 - 07:36 AM
The ACCC don't seem to be capable of asking the question...........what if the merger is not approved, ie what are the consequences for shareholders and customers of both companies under this scenario. For example, cost pressures on Austar are enormous with a result that there is quite a differentiation in no of services/packages being provided in comparison to Foxtel.
Where is the fairness in Austar customers being ripped off with fewer services than Foxtel for the same subscription cost. A no decision on the merger provides absolutely no protection for Austar customers going forward in addition to sounding the eventual death knell for this company with all of the related trauma for employees, shareholders etc.
Posted 07 March 2012 - 09:43 AM
In one of those funny stock market things the shares lifted to within 4c of the bid price on the news that further scrutiny will be undertaken. Only reason I can see is that the market has decided the takeover will be allowed and that the March 29 date puts a cap on interest losses (for those borrowing to invest).
My own (uninformed) reading is that the ACCC is trying to squeeze as many concessions on the merger out of Foxtel (which seems to be making some - including sharing its exclusive content with other players). I don't think the ACCC want to roll the dice and see how this decision would pan out in the courts if it ultimately said no. Recent rulings suggest it would be unsuccessful.
Posted 07 March 2012 - 09:48 AM
Makes you wonder if any of the Australian staff happened to buy shares in Austar this morning? Presumably its not insider training but aren't there laws about manipulating the market?
Edited by pgdownload, 07 March 2012 - 09:57 AM.
Posted 23 March 2012 - 06:48 PM
Posted 27 March 2012 - 03:57 PM
Yes Minister ! would have been proud of that statement....
Edited by viewer, 27 March 2012 - 03:59 PM.
Posted 28 March 2012 - 10:26 AM
Competition regulator the Australian Competition & Consumer Commission has delayed a decision on Foxtel’s $1.9b proposal to takeover regional Pay TV provider Austar, following protests by Telstra’s competitors.
Optus and iiNet are believed to have complained that it left too much power in the hands of Foxtel shareholder Telstra, which was not bound by recent Foxtel undertakings to the ACCC.
The regulator said the timeline had been suspended to allow for more negotiations of those undertakings.
Some describe the setback as merely a “drafting issue.”
Posted 28 March 2012 - 10:37 AM
Posted 05 April 2012 - 01:36 PM
April 10th - Proposed date for announcement of ACCC's findings.
Must admit I'm interested what happens if it passes. Foxtel have said they'll pay $1.51 for each share (currently sitting at $1.48) . The transaction will be finalised (assuming approval) on April 16. Will the shares be suspended from trade?
Posted 10 April 2012 - 11:39 AM