Fetch TV consolidation positions Telstra in media aggregation

TLDR version: Telstra’s move to consolidate its Telstra TV business with Fetch TV will generate additional synergies and improve margins. Our survey data shows that both Fetch and Telstra TV offers will be more resilient than Foxtel Pay TV as household belts tighten. Telstra’s 35% Foxtel interest and its 51% stake in Fetch TV place it strategically across the media aggregation market, which is set to grow as the streaming market rationalises.

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