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Foxtel-Austar Merger Gets ACCC Go-Ahead

The Australian Competition and Consumer Commission has approved pay television giant Foxtel’s $2 billion takeover of regional operator Austar subject to an eight-year restriction on future acquisitions by Foxtel.

Also as part of the agreement, Foxtel will be banned from holding the exclusive rights to a range of TV programs and movies offered as part of video-on-demand and mobile services. Telstra owns half of Foxtel.

ACCC chairman Rod Sims said the commission wanted to ensure there was competition in the national subscription television market, particularly in the developing Internet protocol television market.

“We had to make sure that the competitors to Telstra also had access to compelling content so that they could compete with Telstra.”

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