March 5, 2018 / 9:35 PM / 3 months ago

BRIEF-Telstra Corporation ‍Signs Agreement To Combine Foxtel & Fox Sports Australia​

March 6 (Reuters) - Telstra Corporation Ltd:

* ‍SIGN DEFINITIVE AGREEMENTS TO COMBINE FOXTEL AND FOX SPORTS AUSTRALIA

* NEWS CORP WILL HAVE 65 PER CENT SHAREHOLDING IN COMBINED ENTITY AND TELSTRA WILL HAVE 35 PER CENT

* TRANSACTION IS EXPECTED TO CLOSE DURING Q4 OF FISCAL YEAR 2018​

* NEWS CORP TO APPOINT 4 DIRECTORS INCLUDING CHAIRMAN OF COMBINED CO; CO TO APPOINT 2 DIRECTORS​ Source text for Eikon: Further company coverage:

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