GBAF Logo
Business

Australia’s Telstra sells most of its Foxtel stake to DAZN

Published by Uma Rajagopal

Posted on December 23, 2024

1 min read

· Last updated: January 27, 2026

Add as preferred source on Google
Image of boxing match featuring heavyweight fighters, related to Telstra's Foxtel sale to DAZN - Global Banking & Finance Review
This image captures a boxing match, symbolizing the competitive landscape in media and streaming. It relates to Telstra's recent sale of its Foxtel stake to DAZN, highlighting significant developments in Australia's telecom and entertainment industries.
telecommunications investment financial management Digital transformation
Global Banking & Finance Awards 2026 — Call for Entries

(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 […]

(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)

Frequently Asked Questions

What is a regulatory approval?
Regulatory approval is the process by which a company must obtain permission from relevant authorities before proceeding with certain business activities, such as mergers, acquisitions, or significant investments.
What is a shareholder loan?
A shareholder loan is a loan provided by a company's shareholders to the company. This type of loan can help finance operations or investments and is typically repaid under agreed terms.
What is a digital platform?
A digital platform is an online framework that allows users to create, share, and manage content or services. Examples include streaming services, e-commerce sites, and social media platforms.
What is cash management?
Cash management refers to the process of collecting, managing, and investing cash in a way that maximizes liquidity and minimizes costs. Effective cash management ensures that a company can meet its financial obligations.

Tags

Related Articles

Image for Price Isn’t Everything: Payment Options a Deciding Factor for B2B Buyers in Europe

Price Isn’t Everything: Payment Options a Deciding Factor for B2B Buyers in Europe

Image for The Optionality Trap—Why Too Much Flexibility Is Slowing Business Decisions

The Optionality Trap—Why Too Much Flexibility Is Slowing Business Decisions

Image for Why More Choices Are Slowing Businesses Down

Why More Choices Are Slowing Businesses Down

Image for Why More Output Isn’t Translating Into Better Results

Why More Output Isn’t Translating Into Better Results

Image for The Reversibility Problem—Why Businesses Hesitate Even When They Know the Answer

The Reversibility Problem—Why Businesses Hesitate Even When They Know the Answer

Image for The Alignment Illusion—Why Companies Agree on Strategy but Fail in Execution

The Alignment Illusion—Why Companies Agree on Strategy but Fail in Execution

More from Business

Explore more articles in the Business category

Image for Attention Is the New Competitive Advantage
Attention Is the New Competitive Advantage
Image for The Quiet Strategy Separating Winning Businesses From the Rest
The Quiet Strategy Separating Winning Businesses From the Rest
Image for The One Habit That Separates Growing Businesses from the Rest
The One Habit That Separates Growing Businesses from the Rest
Image for The Overlooked Edge That Matters More Than Strategy
The Overlooked Edge That Matters More Than Strategy
Image for The Hidden Pattern Behind Business Success
The Hidden Pattern Behind Business Success
Image for The Power of Pricing: How Smart Pricing Strategies Drive Profitability and Growth
The Power of Pricing: How Smart Pricing Strategies Drive Profitability and Growth
Image for Why Customer Experience Now Defines Success
Why Customer Experience Now Defines Success
Image for The New Cost Playbook: Why Strategic Spending Matters More Than Cutting Costs
The New Cost Playbook: Why Strategic Spending Matters More Than Cutting Costs
Image for The Trust Economy: Why Credibility and Transparency Are Driving Business Success
The Trust Economy: Why Credibility and Transparency Are Driving Business Success
Image for The Hidden Profit Engine: Why Operational Efficiency Is Redefining Business Performance
The Hidden Profit Engine: Why Operational Efficiency Is Redefining Business Performance
Image for Built to Withstand: Why Resilience Is Now the Foundation of Sustainable Business Growth
Built to Withstand: Why Resilience Is Now the Foundation of Sustainable Business Growth
Image for The Agility Imperative: How Fast-Moving Businesses Are Outpacing the Competition
The Agility Imperative: How Fast-Moving Businesses Are Outpacing the Competition
View All Business Posts