×
You will be redirected back to your article in seconds

Austar wants Optus’ broadband network

Feevee operator also winks at Murdoch

SYDNEY — UnitedGlobalCom’s rural Australian feevee operator Austar has confirmed that it is in talks to acquire part or all of the broadband cable network of urban feevee operator Cable & Wireless Optus.

Austar, which analysts believe has become more aggressive since John Malone took a controlling interest in Gene Schneider’s UnitedGlobalCom, is keen to expand into urban Oz markets.

It is also considering an alliance with Rupert Murdoch and Kerry Packer’s dominant Foxtel feevee cabler or acquiring Mike Boulos’ A$500 million ($300 million) microwave network.

Austar stock dips

But news that Optus is asking Austar for $1.5 billion for a half-share of its cable, which reaches 2.2 million homes, sent Austar shares tumbling almost 10% amid fears that that price is too much for Austar to pay. Indeed, the value of Oz broadband cables may decline if a pending court case upholds recent Australian Competition and Consumer Commission rulings binding cablers to grant carriage to all channel providers on fair commercial terms. Cable & Wireless is keen for partnerships — if not an outright sale — to revitalize the moribund, money-losing feevee operations of Optus.

Optus’ other suitor is thought to be Gotham-based U.K. transmission networks firm NTL, which earlier this year took over C&W’s U.K. broadband network.

More TV

  • Insecure, SMILF, Vida

    'Insecure,' 'SMILF,' 'Vida' Among Series Awarded with Inaugural ReFrame TV Stamp (EXCLUSIVE)

    SYDNEY — UnitedGlobalCom’s rural Australian feevee operator Austar has confirmed that it is in talks to acquire part or all of the broadband cable network of urban feevee operator Cable & Wireless Optus. Austar, which analysts believe has become more aggressive since John Malone took a controlling interest in Gene Schneider’s UnitedGlobalCom, is keen to […]

  • Nickelodeon Teenage Mutant Ninja Turtles

    Nickelodeon's Evolved 'Turtles,' 'Game of Thrones,' 'Hamilton' Among Licensing Innovators

    SYDNEY — UnitedGlobalCom’s rural Australian feevee operator Austar has confirmed that it is in talks to acquire part or all of the broadband cable network of urban feevee operator Cable & Wireless Optus. Austar, which analysts believe has become more aggressive since John Malone took a controlling interest in Gene Schneider’s UnitedGlobalCom, is keen to […]

  • Awkwafina, John Mulaney, Nick Kroll Cruise

    Awkwafina, John Mulaney, Nick Kroll Cruise New York in New Short (Watch)

    SYDNEY — UnitedGlobalCom’s rural Australian feevee operator Austar has confirmed that it is in talks to acquire part or all of the broadband cable network of urban feevee operator Cable & Wireless Optus. Austar, which analysts believe has become more aggressive since John Malone took a controlling interest in Gene Schneider’s UnitedGlobalCom, is keen to […]

  • 'Game of Thrones' Season 8 to

    'Game of Thrones' Season 8 to Premiere in April

    SYDNEY — UnitedGlobalCom’s rural Australian feevee operator Austar has confirmed that it is in talks to acquire part or all of the broadband cable network of urban feevee operator Cable & Wireless Optus. Austar, which analysts believe has become more aggressive since John Malone took a controlling interest in Gene Schneider’s UnitedGlobalCom, is keen to […]

  • Ant Anstead and Mike Brewer of

    Discovery Sets MotorTrend Network Relaunch for Black Friday

    SYDNEY — UnitedGlobalCom’s rural Australian feevee operator Austar has confirmed that it is in talks to acquire part or all of the broadband cable network of urban feevee operator Cable & Wireless Optus. Austar, which analysts believe has become more aggressive since John Malone took a controlling interest in Gene Schneider’s UnitedGlobalCom, is keen to […]

  • Screen Yorkshire Opens Film Office to

    Screen Yorkshire Opens Film Office With an Eye on International Production (EXCLUSIVE)

    SYDNEY — UnitedGlobalCom’s rural Australian feevee operator Austar has confirmed that it is in talks to acquire part or all of the broadband cable network of urban feevee operator Cable & Wireless Optus. Austar, which analysts believe has become more aggressive since John Malone took a controlling interest in Gene Schneider’s UnitedGlobalCom, is keen to […]

  • Danai Gurira as Michonne, Dan Folger

    'Walking Dead' Ratings Steady in First Post-Rick Episode

    SYDNEY — UnitedGlobalCom’s rural Australian feevee operator Austar has confirmed that it is in talks to acquire part or all of the broadband cable network of urban feevee operator Cable & Wireless Optus. Austar, which analysts believe has become more aggressive since John Malone took a controlling interest in Gene Schneider’s UnitedGlobalCom, is keen to […]

More From Our Brands

Access exclusive content