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Australia’s competition regulator has given the green light for Foxtel’s planned $1.9 billion bid for regional pay-TV provider, Austar United Communications Limited (ASX:AUN).
Foxtel’s high-profile shareholders include Telstra Corporation Limited (ASX:TLS), News Corporation (ASX:NWS) and Consolidated Media Holdings Limited (ASX:CMJ).
Telstra has welcomed the Australian Competition and Consumer Commission’s clearance, claiming it's a win for consumers.
Foxtel expects to complete the merger by the end of next month.
Telstra recorded a net profit of $1.5 billion for the first half of its 2012 financial year.
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3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.23M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 71881 | 1 |
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