ACCC

The Australian Competition and Consumer Commission (ACCC) has approved the Ten Network Holdings (ASX:TEN) sale of Eye Corp to Champ Private Equity.

• The ACCC noted that the outdoor advertising market was competitive with competitors such as APN Outdoor and JC Decaux in the marketplace.
• The deal is worth $120 million in cash from Champ, with a deferred consideration of $25 million payable three years after completion.

The Australian Competition and Consumer Commission has approved the News Corp (ASX:NWS) for ConsMedia (ASX:CMJ).

One of Australia's largest telecommunications company Telstra (TLS) has finally submitted its revised sturctural separation undertaking (SSU) to the Australian Competition & Consumer Commission that was due last week. ACCC's approval of the telco's SSU is the last step in the completion of Telstra's $11 billion deal with NBN.

Telecommunications Company Telstra (TLS) faces a crucial time to get the approval of the Australian Competition and Consumer Commission (ACCC) to finalise its proposed $11 billion deal with the National Broadband Network. The telco seems to be running out of time after failing to submit the final revised structural separation undertaking (SSU) last night.

Telecommunications company Telstra (TLS) believes that they can still reach an agreement with the regulators regarding its participation with the National Broadband Network (NBN) before the year ends.

Airline services company, Virgin Blue (ASX:VBA) have had their propsed alliance with Air New Zealand rejected by the Australian Competition and Consumer Commission (ACCC) in a draft report released on Friday as it felt that such a link would lessen competition.

National Australia Bank (ASX:NAB) is in talks to set a new deadline for the proposed acquisition of AXA Asia Pacific (ASX:AXA) worth $13.3 billion. A new deadline will allow NAB to obtain Australian Competition and Consumer Commission (ACCC) and other Asian regulators' approval for a revised takeover proposal.

AXA Asia Pacific (AXA) have issued a strong business update, trumpeting that sales growth was up 57 percent in the fist quarter. The company is currently undergoing a $13 billion takeover battle between two bidders: National Australia Bank and AMP.

Singapore Airlines (SIA), the national airline of Singapore, has defended the claims made by Australian Competition and Consumer Commission (ACCC) that, it has broken the law by setting high freights and securities surcharges. The competition regulator said that, Singapore Airlines has imposed high charges on the Australian exporters for sending the goods to Middle East.