Telstra confirms Fetch TV investment in battle for living room dominance

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Telecommunications giant Telstra has bought a 51 per cent stake in content aggregation company Fetch TV at a valuation of $100 million.

, which is jointly owned by Telstra and Rupert Murdoch’s News Corp.

“Becoming a trusted partner in the home remains an important growth opportunity for Telstra,” Telstra’s product and technology executive Kim Krogh Andersen said in a statement. “As homes become more digitally connected, the integration of that technology – including the smart modem, smart meter and a platform for streaming media which can also be used for AR, VR and the metaverse – will become even more critical.

 

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Maybe but the journos work to Murdoch rules, and can't write in any case.

Odds on it’s a dud deal. How long since to clowns at Telstra have done something smart. They could have bought Elon Musk out with the money those knobs have smoked. Someone should be in jail for this Trading Post deal. Even at the time it was nuts and it’s just got nuttier

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