Australia's Telstra sells most of its Foxtel stake to DAZN
Published by Global Banking & Finance Review®
Posted on December 22, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 22, 2024
1 min readLast updated: January 27, 2026

Telstra sells a 35% stake in Foxtel to DAZN for A$128 million, retaining a 3% stake. The deal, pending regulatory approval, is expected to complete in 2025.
(Reuters) - Australian telecom firm Telstra said on Monday it had sold a 35% stake in Australian cable TV and streaming unit Foxtel to British streaming platform DAZN.
The company will receive A$128 million ($80.08 million) in cash for the repayment of shareholder loans and will hold a 3% stake in DAZN.
The deal, subject to regulatory approvals, is expected to finalise in the first half of 2025.
News Corp said on Monday it would sell its Foxtel stake to DAZN for A$3.4 billion, including debt.
($1 = 1.5985 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru; Editing by Jamie Freed)
The main topic is Telstra's sale of a 35% stake in Foxtel to DAZN for A$128 million, with the deal expected to finalize by 2025.
The companies involved are Telstra, DAZN, and News Corp.
The transaction is valued at A$128 million, or approximately $80.08 million.
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