Billionaire Ananda's Astro and Fetch TV in possible tie-up

PETALING JAYA: Billionaire T. Ananda Krishnan and his company, Astro All Asia Networks, are in preliminary talks with Australian Internet protocol TV start-up company Fetch TV for a possible tie-up, said a source.

“It is still in talking stages at this point. It is unsure whether an investment will be done privately by Ananda or through Astro. In any case, should an investment be done via Astro, it will likely be below the 5% threshold,” the source added.