Australia's Regulator Delays Foxtel/ Austar Decision A Day

Australia's competition regulator has delayed until Friday its ruling on Foxtel's proposed 2.5 billion Australian dollar (US$2.7 billion) takeover of regional pay television company Austar United Communications Ltd. (AUN.AU).

The Australian Competition and Consumer Commission's decision, originally slated for Thursday, is now expected to be released Friday morning, a spokesman for the regulator said. The spokesman said the delay was due to administrative reasons.

Foxtel is 50% owned by Telstra Corp. (TLS.AU) and 25% each by News Corp. (NWS) and Consolidated Media Holdings Ltd. (CMJ.AU). A spokesman of News Corp.'s Australian unit declined to comment when called. News Corp., owner of Dow Jones & Co., the publisher of this newswire, is fighting to contain a phone hacking scandal that has engulfed its tabloid newspaper assets in the U.K.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

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