Cable TV operator Foxtel has announced a friendly take-over bid for subscription TV provider Austar. In its own announcement, Austar has confirmed its intention to accept the acquisition proposal for $1.52 a share, which will provide shareholders with a 10% premium on the current share price.
The already highly politicised National Broadband Network has become an even hotter political potato since it has become apparent that the Government cannot deliver on its promise of 93% coverage for $36 billion. Given that it is politically unacceptable to increase the NBN budget, is there a way that 93% can still get fast broadband without breaking the bank? Perhaps.
Ruslan Kogan, the e-tail entrepreneur building his own brand on the back of value and cunning stunts, could have chosen a man called Con to cut the cable but didn't, continuing to cut the 'cable con' on his own.
Good man :)
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