Part IV Transfer of Undertakings of IBA and Cable Authority
Transitional arrangements
132 Disposal by IBA of DBS transmitting equipment etc.
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.