Broadcaster Seven Network has urged Australia's Foreign Investment Review Board to reject SingTel's bid for Cable & Wireless Optus.
Seven said its submission highlighted concerns about the implications of the SingTel offer, which if accepted would result in the takeover of a significant Australian asset by a foreign company, effectively controlled by a foreign government.
"Seven believes that such a structure is unacceptable in ensuring integrity of our communications infrastructure and promoting competition and delivery of service to consumers," the television broadcaster said in a statement.
The Foreign Investment Review Board will make a recommendation on the SingTel bid to Treasurer Peter Costello for a final decision.
The Australian government has said previously it was investigating the security implications of the proposed takeover for an Australian Defence Force satellite joint venture with Optus.
