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Telstra ‘in advanced talks’ for majority stake in Fetch TV

(Photo by Michael Dodge/Getty Images)

Australian telco Telstra is close to acquiring a 51-per-cent stake in Australian IPTV service Fetch TV, as it seeks to build a bigger presence in video entertainment, according to local media reports.

Meanwhile, leading Australian pay broadcaster Foxtel is close to deciding whether to push ahead with an IPO that has been mooted since last year.

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