News Corp, Telstra reach agreement on Foxtel and Fox Sports merger

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(Telecompaper) News Corp and Australian operator Telstra announced a definitive agreement to combine the Foxtel and Fox Sports Australia pay-TV platforms. As first announced in the preliminary agreement reached last August, News Corp will have a 65 percent stake in the combined entity and Telstra will own 35 percent. 
Source: Industry News (syndicated from Telecompaper.com)

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