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ACCC says OK to FOXTEL AUSTAR acquisition

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http://www.itwire.com – The Australian Competition and Consumer Commission has given the go-ahead for the acquisition of satellite TV provider AUSTAR by cable network FOXTEL paving the way for half Telstra owned provider to assume a dominant position in the pay TV space. The ACCC gave its blessing for the merger to proceed after accepting court-enforceable undertakings from FOXTEL. (IT news)