Telstra confirms Fetch TV investment in battle for living room dominance
Posted: Mon May 02, 2022 2:20 am
Telecommunications giant Telstra has bought a 51 per cent stake in content aggregation company Fetch TV for $50 million, as it battles Apple and Google to dominate living rooms.
The deal, first revealed by this masthead last month means Telstra will use Fetch’s platform for its Telstra TV offering, which currently has about 800,000 active subscribers.
It also coincides with a delay to the IPO of pay TV and cable company Foxtel, which is jointly owned by Telstra and Rupert Murdoch’s News Corp.
Telstra TV currently operates on a platform provided by US equipment maker Roku, but the deal between the two companies is set to expire. Fetch is a long-term content provider for rival telcos including Optus and Vocus.
Telstra Buys FetchTV
The deal, first revealed by this masthead last month means Telstra will use Fetch’s platform for its Telstra TV offering, which currently has about 800,000 active subscribers.
It also coincides with a delay to the IPO of pay TV and cable company Foxtel, which is jointly owned by Telstra and Rupert Murdoch’s News Corp.
Telstra TV currently operates on a platform provided by US equipment maker Roku, but the deal between the two companies is set to expire. Fetch is a long-term content provider for rival telcos including Optus and Vocus.
Telstra Buys FetchTV
