News Corp and Telstra have agreed to sell Foxtel Group to British sports streaming and entertainment company
. Telstra, which owns a 35 per cent stake in Foxtel, will get a 3 per cent stake in the London-based sports streaming service backed by British-Ukranian billionaire Len Blavatnik. "Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for
was committed to supporting and investing in Foxtel's TV and streaming services across sport and entertainment, using what he described as world-leading technology. "We are also committed to using our global reach to export Australia's most popular sports to new markets around the world, just as we have done with the NFL, and we will continue to promote women's and underrepresented sports," he said.