(Reuters) – Australian pay tv firm Foxtel, managed by the Murdoch household and partly by native telecom agency Telstra (OTC:), has been put up on the market publish third-party curiosity and a strategic overview, proprietor Information Corp (NASDAQ:) mentioned on Thursday.
Foxtel, which lately launched streaming service Hubbl, is 65% owned by Information Corp, whereas Telstra holds the remaining 35%.
“The corporate is assessing strategic and monetary choices for the Foxtel Group, together with its capital construction and property,” Information Corp mentioned in its earnings launch.
Foxtel has been specializing in gaining extra streaming rights by constructing sports activities community Kayo and video subscription service Binge. A possible sale of the corporate would pave the best way for content material offers, sports activities streaming rights and extra.
Telstra didn’t instantly reply to a Reuters request for remark.
