Rupert Murdoch, James Packer and Kerry Stokes may vie for Australia's biggest pay-television network after the government said Telstra may have to sell its 50 per cent stake in Foxtel.

Telstra may be barred from buying new wireless licences unless the telco sells the Foxtel stake and separates its retail and network divisions, the government said. News Corp, owner of the Fox broadcast network, owns 25 per cent of Foxtel, as does Packer's Consolidated Media Holdings. Stokes's Seven Network owns 20 per cent of Consolidated Media.

Other posts by :

1. Bank: Space industry worth $1tn by 2040
2. Xona Space wants 259 LEO satellites
3. 36 major airlines now committed to Starlink
4. Quilty: Top 5 Washington Satellite show takeaways
5. Space Wars: Starlink vs Amazon Leo
6. Eutelsat seeks ISRO deal for launches
7. Virgin Galactic sets prices for space tourists
8. Devas vs Antrix rumbles on
9. Shotwell makes TIME front cover

Categories: Articles, Business, M&A