Chanticleer
Streaming puts Foxtel on a roll
With $3 billion a year in revenue as well as a growth story to tell, Foxtel boss Patrick Delany has the ingredients for an IPO when normal activity in equity capital markets resumes.
It is now clear that if the Russian invasion of Ukraine had not killed the IPO market, Foxtel chief executive Patrick Delany would be poised to start a global roadshow to spruik the stock to investors.
Foxtel – which is 65 per cent-owned by News Corp, with the balance owned by Telstra – has released 2022 financial results showing the business is on a roll. The numbers are included in the News Corp results.
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