ITWire

It has lodged a draft undertaking with the ACCC and the ACCC as initiated a public consultation, saying: "According to the terms of the undertaking, Foxtel will be prevented from entering into exclusive content agreements to acquire IPTV rights for a range of attractive content to allow that content to be made available to existing and future competitors of Foxtel and Telstra.

"By reducing content exclusivity, the proposed undertaking aims to lower barriers to entry and promote new and effective competition in telecommunications and subscription television markets."

However the proposal does not apply to premium domestic sports content and Foxtel will retain the ability to acquire exclusive rights for the distribution of content to mobile devices over cable, satellite and mobile networks.

Nevertheless, the ACCC says it "considers that the package of content that will be made available will be sufficient to address the competitive harm that is likely to arise as a result of the proposed acquisition."