Telstra could cut ties to Foxtel in float

By Lucy Battersby
Updated August 18 2017 - 1:33pm, first published 1:21pm
Ten AGM: 181213: AFR News: Ten Non Executive Chairman Lachlan Murdoch at today's Ten Network AGM. Photo by James Alcock.

murdoch 27758.jpg
Ten AGM: 181213: AFR News: Ten Non Executive Chairman Lachlan Murdoch at today's Ten Network AGM. Photo by James Alcock. murdoch 27758.jpg

Telstra is prepared to sell down its stake in a combined Foxtel-FoxSports to pave the way for a stockmarket float of the new business in the coming years, chief executive Andy Penn says.

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