Part IV U.K. Transfer of Undertakings of IBA and Cable Authority

Transitional arrangements U.K.

132 Disposal by IBA of DBS transmitting equipment etc. U.K.

(1) The IBA shall have power, with the approval of the Secretary of State—

(a) to dispose of any relevant assets to a DBS contractor; and

(b) to do so on such terms and for such consideration as they may determine (whether or not any such consideration represents the market value of the assets).

(2) Any disposal under subsection (1) shall take effect on the transfer date.

(3) In this section “relevant asset” means any equipment or other asset (of whatever description) which has been used or held by the IBA in connection with the transmission of DBS services.