SYDNEY – TPG boss David Teoh has relented over his ban on sales of the Malaysian-based Fetch TV service by the newly absorbed iiNet subsidiary.He has decided to allow iiNet to continue marketing
the service for the time being, while execs search for an alternative offering
in order to compete with Netflix.
However sales of Fetch will be restricted to iiNet call centre staff. Online
sales remain barred.
“The Fetch contract finishes at the end of this year so we’ll review
that at that time,” Teoh told the Financial Review. “At the moment
this deal doesn’t make sense: we’re losing money [on it, so] unless there’s a
better offer on the table we will not look at it.”
Fetch TV is also marketed by Optus and Dodo.
