After being approached by multiple companies seeking to purchase the network, Pay TV and regional wireless Broadband operator ‘Austar’ says a joint venture might be on the cards which would witness investors buying into shares for their new technology opposed to selling Austar off.
“It’s certainly not a foregone conclusion that we sell the spectrum,” chief executive John Porter told analysts yesterday. He said the company expected to participate in the rationalisation of spectrum and strategies for the WiMax technology, “but how it will actually manifest itself remains to be seen”.
Seven has already bid $167 million for Unwired, the owner of the WiMax spectrum in the nation’s major cities, to sidestep pay TV operator Foxtel and gain a broadband platform for multiple TV channels and its digital recorder TiVo.
Read the entire article at TheAge.com.au
