Aussie pay rivals work together. (World).Australia's two chief pay-TV operators, Foxtel and Optus, have agreed to resell content and capacity on their rival networks, in a landmark deal that has the potential to revolutionize the troubled industry. Under the deal, which has yet to be approved by the Australian Competition and Consumer Commission For the other Australian organisation with the same acronym, see . The Australian Competition and Consumer Commission (ACCC) is an independent authority of the government of Australia. (ACCC ACCC Association of Canadian Community Colleges ACCC Australian Competition & Consumer Commission ACCC Association of Community Cancer Centers ACCC Academic Computing and Communications Center ACCC American College of Chiropractic Consultants ), Foxtel would resell its subscription channels on main competitor Optus Television Optus Television is the cable television division of Australian telecommunications company Optus. History Its immediate predecessor was Optus Vision, a joint venture between its parent company, Optus, and the large local media companies Publishing and Broadcasting , which is owned by Singapore Telecommunications Singapore Telecommunications Limited (SGX: T48, ASX: sgt) (commonly abbreviated as SingTel) and formerly known as Telecom Equipment, is Singapore's largest telecommunications company. , thereby assuming Optus' high programming costs. In return, Optus will lease satellite capacity to Foxtel, enabling Foxtel to offer digital services within the next 18 months. Meanwhile, Telstra, which holds a 50 percent stake in Foxtel, would package Foxtel pay-TV with its telephone and Internet services, allowing it to compete with a similar product offered by Optus. |
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