SYDNEY, Oct 22 (Reuters) - Australia's antitrust regulator said on Thursday that it will let News Corp's NWSA.O local cable television company Foxtel buy a 15 percent stake of loss-making free-to-air broadcaster Ten Network Holdings Ltd TEN.AX .
In a statement, the Australian Competition and Consumer Commission said that while the deal would align the interests of the Rupert Murdoch-controlled network and Ten, the companies "will continue to face competition from the remaining free-to-air networks" with regards to bidding for sports broadcast rights.