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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Telstra Corporation Limited (PK) | USOTC:TLSYY | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.48 | 0.00 | 01:00:00 |
Australian telecommunications company Telstra Corp. (TLS.AU) said Friday it had appointed Robert Nason as the new chairman of its 50%-owned pay-television firm Foxtel.
Nason, Telstra's group managing director, business service and improvement, will replace retiring chairman Bruce Akhurst, the company said. It said Kate McKenzie, group managing director for innovation, products and marketing, would also join Foxtel's board.
"Robert and Kate each will bring tremendous experience and leadership ability to the Foxtel board at what is an important time for Foxtel as it consolidates its acquisition of Austar and continues to compete in a challenging market," Telstra Chief Executive David Thodey said.
As 50% owner of Foxtel, Telstra has the right to appoint its chairman. Consolidated Media Holdings Ltd. (CMJ.AU) and News Corp. (NWS), the owner of this news wire, each own 25% of Foxtel.
-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com
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