Foxtel/Austar

Foxtel tables Austar takeover

Australia's pay-TV industry enters consolidation mode as Foxtel offers to take over Austar in a $2 billion deal.

<div style="text-align: left;"> Foxtel is hoping to crack the outback market through Austar </div>

Sameera Anand

May 27, 2011

Foxtel has offered to take over Austar for an equity value of A$1.93 billion ($2.04 billion) in a deal that will consolidate two of Australia’s pay-television operators.

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