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TLSYY Telstra Corporation Limited (PK)

12.48
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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

Telstra Appoints Robert Nason As New Foxtel Chairman

11/05/2012 2:55am

Dow Jones News


Telstra (PK) (USOTC:TLSYY)
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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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