Telstra Completes Acquisition 51.4% Controlling Interest in Fetch TV
Summary
Telstra announced it had completed the acquisition of a 51.4 per cent controlling interest in Fetch TV following regulatory clearance. Telstra Group Executive of Product and Technology, Kim Krogh Andersen As part of our T25 growth strategy, home and entertainment is a core focus area for us. This acquisition gives us the opportunity to evolve Telstra TV and the experience we provide to our 800,000+ active users. We are also excited by the Fetch product roadmap and in-house capability and the opportunity to leverage additional investment and scale to accelerate innovation. This investment will mean better commercial outcomes for the Australian streaming sector, exciting product development for our Telco and Retail partners, and a dynamically evolving best in class aggregated viewing experience for our customers.