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Verizon, Telstra, kt and EE launch LTE-Broadcast Alliance
2016-04-27 20:00:55| Digital TV News
At TV Connect 2016 in London, four of the worlds leading mobile network operators, representing North America, Australia, South Korea and the UK, announced they are forming the LTE-Broadcast Alliance.
Tags: launch
alliance
verizon
telstra
Telstra sells stake in China's Autohome for USD 1.6 billion
2016-04-18 11:06:00| Telecompaper Headlines
(Telecompaper) Telstra has agreed to sell a 47.7 percent stake in Chinese online business Autohome to Ping An Insurance Group for USD 1.6 billion. Telstra will retain a 6.5 per cent interest in Autohome after completing the transaction. The sale price of USD 29.55 per share reflects a premium of 12.7 percent to Autohome's volume weighted average price over the past 60 days. Ping An is expected to support Autohome's expansion into the offline car retail market in China, offering its expertise in financing and insurance. Telstra said it expects to book an accounting gain of AUD 1.8 billion in the second half of fiscal 2016. Completion of the sale is subject to Chinese regulatory approvals and Autohome Board approval. Telstra said it will take a "balanced approach in considering the use of these funds, which includes potential capital management options".
Telstra 'backflip' on marriage equality support following customer backlash
2016-04-18 08:43:21| Telecom - Topix.net
The social media giant is allowing users to add a banner to their profile pictures to show their support for marriage equality as the yes and no camps ramp up their campaigns. Australia's largest telco, Telstra, appears to have backflipped on its support for marriage equality, vowing to renew its "active position" on the issue.
Tags: support
customer
marriage
equality
Rupert Murdoch's News Corp and Telstra delay $8 billion Foxtel float plans
2016-04-17 16:30:47| Telecom - Topix.net
Rupert Murdoch's News Corporation and Telstra have postponed their planned $8 billion initial public offering of Foxtel until 2017 due to the sheer volume of work that needs to be done to prepare their structurally challenged pay television joint venture for a sharemarket listing. Sources say that plans for an IPO in the second half of 2016, revealed by Fairfax Media in March , have been scrapped, with advisors now working to a less aggressive timetable for the deal including a pre-float merger of Foxtel with Fox Sports, which is owned by News Corp. Telstra, which owns the other 50 per cent of Foxtel, has led the push for an IPO.
Telstra signs $1.6 billion deal with NBN
2016-04-11 02:49:02| Telecom - Topix.net
Telstra has signed a $1.6 billion deal to help build the NBN in five capitals and the Gold Coast. Telstra has signed a $1.6 billion deal to help build the national broadband network in five state capitals and the Gold Coast.
Tags: deal
signs
billion
telstra
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