The Australian Consumer and Competition Commission (ACCC) will not be continuing its investigation into the out of home sector over potential anti-competitive behaviour.
The watchdog confirmed earlier this year that it was looking into the media companies, with a focus around the use of rebates and discounts.
However, the ACCC has now written to the media companies, including Ooh! Media and JCDecaux, informing them it hasn't found any issues needing further investigation.
Media bosses have welcomed the watchdog’s findings.
“We’ve fully cooperated with the investigation and are happy with the ACCC’s decision,” says JCDecaux AUNZ CEO Steve O'Connor.
“We will continue to comply under the Competition and Consumer Act.”
Under the Competition and Consumer Act, corporations are not permitted to engage in practices that are likely to less competition.
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