Telstra mulls Foxtel stake sale

Telstra chairman John Mullen has confirmed that the telco will maintain its access to Australian pay-TV platform Foxtel’s content under a new ownership structure for the pay-TV group, which is expected to see Foxtel retain a significant holding in the company. Interviewed by The Australian, Mullen said Telstra was “very committed” to Foxtel but remained open to selling down its interest as part of a repositioning of the pay-TV group. Telstra has a 50 per cent stake in Foxtel, while the other half of the company is owned by News Corporation, publisher of The Australian.

Source: Telstra mulls Foxtel stake sale |