No Fox­tel bid for Aus­tar

Townsville Bulletin - - Investor -

John Porter AUS­TAR United Com­mu­ni­ca­tions says there’s still no for­mal pro­posal from Fox­tel to buy the re­gional pay tele­vi­sion op­er­a­tor. Aus­tar chief ex­ec­u­tive John Porter yes­ter­day said noth­ing had changed since the com­pany told of talks be­tween Fox­tel and Aus­tar’s ma­jor­ity owner, Lib­erty Global, ear­lier this month. On March 2, Aus­tar said ‘‘ ver­bal dis­cus­sions have taken place be­tween Fox­tel and Lib­erty in re­la­tion to a pos­si­ble ac­qui­si­tion of Aus­tar’’. Lib­erty, con­trolled by US bil­lion­aire John Malone, holds a 54 per cent stake in Aus­tar.

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