TLS 1.28% $3.87 telstra corporation limited.

ACCC poised to block pay TV deal - SMH article

  1. 51 Posts.

    Under the terms of the mooted pay TV deal, Foxtel and its competitor Optus will share content and Foxtel will assume Optus's $619 million US programming liabilities. Telstra will be granted the right to sell combined telephony/Foxtel pay TV packages, to compete against the bundled service offered by rival Optus.

    This is getting interesting, in all likelihood the ACCC will knock back the deal..... Telstra/Ziggy has indicated it is not going to sell down 50% Foxtel ownership to PBL/Murdoch which may silence the where do we go from here.

    In a bid to ensure their program sharing alliance is approved, the Foxtel partnership and Optus have asked the ACCC to consider the proposal for Telstra to bundle pay TV with telephony as a separate matter from the content deal.

    Singtel have made it clear that the current status is not finacially viable with losses $300m annually. If the ACCC does not approve the deal or part thereof, expect that Singtel will offload/close its pay TV business...with $300m annual losses forecast who will buy it!!!!!

    Either way Telstra look like the winners out of this.

    Opinions welcome
    I hold TLS shares
watchlist Created with Sketch. Add TLS (ASX) to my watchlist
(20min delay)
Mkt cap ! $44.90B
Open High Low Value Volume
$3.91 $3.93 $3.86 $102.2M 26.29M

Buyers (Bids)

No. Vol. Price($)
18 734218 $3.87

Sellers (Offers)

Price($) Vol. No.
$3.88 3000 1
View Market Depth
Last trade - 16.10pm 24/05/2022 (20 minute delay) ?
-0.050 ( 1.57 %)
Open High Low Volume
$3.91 $3.93 $3.86 6617659
Last updated 15.59pm 24/05/2022 (live) ?
TLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.