ACCC clears TPG's iinet takeover
The consumer watchdog has announced that it will not block TPG Telecom Limited’s proposed $1.5 billion acquisition of iiNet, despite the providers being two of the largest suppliers of fixed broadband in Australia.
“While the ACCC was concerned that the acquisition of iiNet by TPG may lessen competition in the retail fixed broadband market, particularly in the short term, the ACCC concluded that this would not reach the threshold of a ‘substantial’ lessening of competition as required under section 50 of the Competition and Consumer Act,” ACCC Chairman Rod Sims said.
The takeover means the ACCC are likely to restrict any future mergers between two of the remaining four large suppliers of fixed broadband.
Music video streaming service Vevo reports continued growth
Premium music video platform Vevo today reported significant growth in Australia and New Zealand in the first half of 2015.
In June this year, 11 million music fans across the two countries watched music content through the video portal, an increase of 14 per cent year-on-year.
The platform is now receiving over 115 million monthly streams from Australia alone, with mobile continuing to be a strong driver for growth, with streams on mobile devices growing 7 per cent since December 2014.
Smoothfm's Festival of Chocolate returns
For the first time, Arnott's Tim Tam will be joining the festivities of the Smoothfm Festival of Chocolate, when Nova Entertainment brings back the fun on the 12-13 September at Sydney's The Rock
Tim Tams will have its own Temptation Tent allowing attendees to experience one of Australia’s favourite chocolate biscuits. In addition, Australian chocolate Diamonds will collaborate with Arnott's to create a $20,00 two carat chocolate diamond ring which attendees can go in the running to win.
Smooth's Cameron Daddo will also in attendance, hosting the Callebaut Test Kitchen featuring demonstrations from Festival of Chocolate ambassadors, patissier Adriano Zumbo and Shangri-La Sydney's executive pastry chef Anna Polyviou.
BlisMedia expands across Australia and NZ
Data-driven advertising provider BlisMedia has made three senior hires and launched two offices across Australia and New Zealand.
The company has opened a Melbourne and an Auckland office, both operating under the regional leadership of Sydney-based MD Nick Ballard.
To lead the two offices, David Cornford and Tim Richards have been named as regional managers of Melbourne and Auckland respectively and will be tasked with building their local markets.
In addition, Rupert Pay has been appointed as vice-president Asia Pacific, to develop agency relationships across the region.
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