Astro wins broadcast rights to 3 seasons of English football

PETALING JAYA: Astro Malaysia Holdings Bhd has won the tender for broadcast rights to the Barclays Premier League (BPL) in Malaysia for three seasons starting from season 2013/14 to 2015/2016 a move that led to the advancement of its stock price.

Following the announcement by the pay-TV operator yesterday, its share price rose 8 sen to close at RM2.72.

Since listing on Oct 19, its shares had been steadily dropping, hitting a low of RM2.61 last week from its initial public offering price of RM3.

In its statement to Bursa Malaysia yesterday, Astro said that as part of its arrangement in winning the broadcast rights to the BPL, all 380 of the football matches would be telecast live.