Oct 22 (Reuters) - Australian Competition and Consumer Commission:
* ACCC to not oppose Foxtel and Ten acquisitions TEN.AX
* proposed acquisitions, on their own, are unlikely to result in a substantial lessening of competition
* closely examine any future increases in shareholdings, including where this is made possible through changes to existing media diversity and control rules
* "ACCC not found sufficient evidence to establish link between these minority acquisitions and competition concerns raised by market participants"
* considers other free-to-air television networks, pay television providers and on-line service providers will continue to have sufficient alternatives
* mcn acquisition likely to increase incentives for Ten and Foxtel to offer bundled advertising packages across platforms, and to integrate advertising strategies
* acquisition itself will not lead to a substantial lessening of competition.
* "ACCC has not provided clearance for ten's agreement with mcn in relation to managing ten's advertising sales"
* Source text for Eikon ID:nASX1xvyRG
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