a competing bid for austar?

  1. asf
    9,887 Posts.
    Article in Al-Jazeera that's not a bad read, considering the circumstances of the Foxtel bid. Here's the bits about some other company potentially making a competing bid:

    http://english.aljazeera.net//business/2011/07/201172281627931741.html

    Competing bids

    The Austar deal, finalised after years of talks, would have marked the latest shake-up for Australia's media sector as the pay-TV operator sought to revive flagging subscriptions and take on the nation's free-to-air television stations.

    "It does open the door for a competing bid, if anyone out there was thinking of getting into the Australia market, with Foxtel's hands now tied," a fund manager, who declined to be named, said.

    He pointed to telecoms firm Optus, owned by Singapore Telecommunications, and iiNet as potential suitors.
    _____________

    Also, Austar reports first half results this Friday.

    http://news.ninemsn.com.au/article.aspx?id=8275630

    Good luck, holders.
 
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