‘We would be supportive of that’: Telstra boss endorses Foxtel sale

Nathan Jolly

October 16, 2024 9:32

Telstra has publicly supported the proposed sale of Foxtel Group, after News Corp reportedly fielded a takeover offer from US-based firm Platinum Equity last week.

Telstra chairman Craig Dunn spoke about the proposed sale during the company’s annual general meeting (AGM) on Tuesday, saying: “We think that would be a sensible move or decision to make on behalf of shareholders.”

Telstra owns a 35% stake in Foxtel Group, which is comprised of the traditional pay TV service, plus sports streaming service Kayo Sports, streaming service Binge, and the recently-launched Hubbl.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.