- Utusan Malaysia reports today that Astro will increase the subscription fee from Rm 5 to Rm 15 per month due to rising programming costs in the past three years which the company had been absorbing.
- Now increament which effect immediately for new clients will take into effect from June 1st for existing clients.
- There are 2.02 millions Astro subscriber or 36.5 % from the total househols in Malaysia. Of these subscriber 990,000 are Malays.
- The anouncement came 1 day after the tycoon Ananda Krishnan anounced to buy back the Maxis shares which will cost him Rm 39.9billion.Astro also owned by Ananda Krishnan.
Opinion/Questions
- Is the increament has anything to do with the private buy out?
- If it is ,it looks like the citizen of Malaysia will finance the private buy out of Maxis.
- Haven't we learn anything from these type of deals. At first, the corporate would ask for the licence and rights in the name of the nation building. Once got it , they ask the non profitable venture to be return back to the government . They will keep the profitable ventures and worst still, they increase the consumer's cost. What can we say? Looks around us at the broadcasting and our domestic and rural aviation industries.
Any comment?
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