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AAP
AAP
Business
Derek Rose

Telstra open to Foxtel Group sale, profit drops 12.8%

Telstra has reported a drop in profits to $1.8 billion, citing one-off charges. (Bianca De Marchi/AAP PHOTOS)

Telstra is pleased with how the current leadership of Foxtel Group has transformed the media company but would consider selling its roughly one-third stake in the business if the price is right.

Telstra chief executive Vicki Brady told reporters on Thursday that any transaction involving Foxtel was in its early stages and no decision to sell had been made.

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