May 24, 2012 – Australian pay-TV operators Foxtel and Austar have completed their merger transaction, creating a national subscription television service intended to deliver innovative new digital products and content for all Australian consumers.
The new Foxtel will directly employ approximately 2,500 people, service 2.2 million subscriber households, and entertain over seven million viewers each week.
Richard Freudenstein, Foxtel Chief Executive, said that the Foxtel and Austar platforms would be physically brought together over the coming months. “Soon consumers will receive the same great Foxtel content whether you live in regional Australia or the cities. Austar customers will not need to do anything; they will transition seamlessly to Foxtel,” he explained.
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