Investors eye Australian internet TV boom

Malaysian billionaire and media investor T. Ananda Krishnan has seized an opportunity created by the government’s proposed national broadband network, whereby he could challenge traditional media players for Australian television viewers.Mr Krishnan, ranked by Forbes as Southeast Asia’s richest man and worth $US7 billion ($7.6bn), has taken a significant stake in internet-delivered TV company Fetch TV, which is expected to launch in Australia early next year. Former ACP Magazines chief and Optus executive Scott Lorson, and telco executive Simon Cathcart, are believed to be fronting Fetch TV Australia, which is expected to begin shortly to test low-cost pay-TV as well as on-demand TV and movie services.To read this report in The Australian in full, see:

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