Austar to sell its WiMAX spectrum holdings to Opel
Published January 7th, 2008
(TP) Pay-TV group Austar will sell its spectrum holdings to facilitate the building of a WiMAX network as part of the Opel Broadband Connect network in regional Australia. Under the arrangements, the Opel Venturers, Optus and Elders, will acquire Austar’s 2.3Ghz and 3.5Ghz spectrum licences for AUD 65 million. Austar said it will also expand its relationship with Optus Wholesale to market broadband, voice and mobile services to not only its existing subscription television customers but to all homes in Austar areas. The company expects these services to be launched late this year. “With access to wholesale products from Optus and Opel once it starts operations, we believe we are even better placed than we would be if we were to build a network ourselves,” CEO John Porter said.
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