Austar United Communications (AUN)

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Stock Exchange


Austar United Communications Limited (AUN) is an Australia-based company engaged in providing subscription television services to over 600,000 customers in the rural and regional area of Australia. AUN was listed on the Australian Stock Exchange on the 20th of July 1999. Its average annual revenue reaches approximately AUD$502 million. Its headquarters is located in Sydney, Australia and to date; around 755 people are employed in the company. Austar United Communications Limited operates mainly in two business segments: Subscription services and Mobile Telephony Services.

Austar, Still Positive With Foxtel's Delay

Competition watchdog Australian Competition and Consumer Commission (ACCC) has announced a delay yet again with the decision of Foxtel's $1.9 takeover for Austar United Communicaions (AUN) at the request of Foxtel.

FIRB Extends Review of Foxtel-Austar Deal

The Foreign Investment Review Board (FIRB) has ordered an extended review of Foxtel's takeover bid for Austar United Communications (ASX:AUN). The review is extended for 90 days until the Australian Competition & Consumer Commission (ACCC) completes its assessment of the merger.

ACCC Stalls Foxtel's Bid for Austar

The Australian Competition and Consumer Commission has set a hurdle on the News Corp (ASX:NWS)-backed Foxtel takeover bid on Austar United Communications (ASX:AUN). The regulator said that Foxtel's proposed $2.5 billion bid would create a near-monopoly and delayed its decision until September.

Foxtel-Austar Merger on Final Stages

Foxtel and Austar United Communications' (ASX:AUN) are closing on a merger deal as Foxtel announced a definitive takeover proposal. The agreement will allow John Malone's Liberty Global to buy the rest of Austar shares and hold it for six to eight weeks before selling to Foxtel.

Foxtel Expands Nationwide with Austar Merger

Foxtel's "long overdue" tie-up with Austar United Communications (ASX:AUN) will expand the pay-TV company's coverage to the whole of Australia. Austar's satellite reach will be incorporated into Foxtel's business, which analysts believe will drive down pay-TV prices.

Austar Shares Jump 7% After Takeover Talks

After confirming that talks between major shareholders Foxtel and Liberty Global would proceed, Austar United Communications' (ASX:AUN) shares rose more than 7 percent. The talks can lead to a takeover from Foxtel, but no formal bids have been guaranteed.

Shares rose to $1.315, adding as much as 9 cents or 7.4 percent. Shares in Austar are valued at around $1.63 billion.

Austar Slows Down on Merger Talks

Austar United Communications (ASX:AUN) chief executive John Porter puts his foot down and wants the Foxtel-Austar protracted merger talks to end if Foxtel does not follow through. Austar wants to move on and recoup its weak first quarter.

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