TELSTRA TELECOM BECOMES MAJORITY STAKEHOLDER IN FETCH TV

Australian telecommunications and entertainment company, Telstra, has announced its current acquisition of a majority stake in Fetch TV, an entertainment service provider. This is a buildup on their partnership with Fetch TV to improve their platform, Telstra TV.

As per a press release by the firm, they have a 51.4 percent controlling interest in Fetch TV. The release confirms that Fetch TV will remain freestanding in its operations while Telstra functions as a major shareholder.   

The Group Executive of Product and Technology at Telstra, Kim Krogh Andersen, remarked on his anticipation of working with Fetch TV in creating engaging entertainment for their audiences.

“As part of our T25 growth strategy, home and entertainment is a core focus area for us. This acquisition gives us the opportunity to evolve Telstra TV and the experience we provide to our 800,000+ active users.

“We are also excited by the Fetch product roadmap and in-house capability and the opportunity to leverage additional investment and scale to accelerate innovation. Areas of focus include expanding the content proposition, introducing new functionality, and expanding hardware options, including Smart TVs.”

Chief Executive Officer of Fetch TV, Scoot Larson, commented: “With Telstra on board, Fetch is now well placed to deliver a genuinely competitive Australian home and entertainment solution with the scale to enable us to partner with global content and streaming providers. 

"
This investment will mean better commercial outcomes for the Australian streaming sector, exciting product development for our Telco and Retail partners, and a dynamically evolving best-in-class aggregated viewing experience for our customers.”

Comments

Post a Comment

Popular posts from this blog

ZEPHYR INTRODUCES NEW FEATURES TO AR KITCHEN DESIGN APP

Image
Smart design technology company, Zephyr, is announcing new features included in its Augemeted Reality (AR) Zephyr Kitchen Experience (ZKE) app.  According to them, the AR mobile application will feature Persrv Wine and Beverage, a update that add a new set of kitchen tools to its existing repertoire. The ZKE app allows users to interact with “various range hoods” and kitchen hardware within their physical space. This helps users to find the right model options, sizes, and features for their kitchen. “Augmented Reality continues to shape the future of virtual kitchen design and gives customers an opportunity to turn inspiration into reality,” says Vice President of Marketing, Sarah Wahl. “With all the options on the market today, the ZKE app highlights features and technology that set Zephyr above the competition. It helps bring the vision to life.” Zephyr also state that the new update will provide users with kitchen ventilation options in various dimensions inside and outside. “On...
Here's more »

DOSHI PLANS TO INTRODUCE CRYPTO EDUCATIONAL PLATFORM FOR YOUND ADULTS

Image
Educational crypto platform, Doshi, has joined hands with UK schools to debut their Web3 educational program through its crypto wallet app. The app is created for teenagers and their guardians to understand the new innovation and transformations of the internet. Doshi attempts to use their platform to advance the knowledge of blockchain and web3 for teachers and students alike. The platform is said to allow these parties to fully understand what the platforms are and how they beneficial they can be. The platform, upon noticing the steady rise of Web3, has found it necessary to team up with schools in the UK such as Northampton Boys and Mount House to aid in data management. Investment management firm, T. Rowe Price, reports about 40 precent of young adults gravitating toward investments in crypto as it is estimated to grow up to $1 trillion by 2030. Doshi’s survey also uncovered 63 percent of young adults in the UK and USA what to know more about ‘crypto-verse’. Thus, the platfor...
Here's more »

COMMUNITY FIBRE PARTNERS WITH TCS, USES TCS HOBS™ TO DRIVE OPERATIONAL TRANSFORMATION IN BUSINESSES

Image
  Tata Consultancy Services (TCS) says that London based fiber broadband server, Community Fibre, has selected its TCS HOBS™ platform as a means of furthering the support and growth of businesses. A press release of TCS expresses that Community Fibre and Internet Service Provider (ISP) intends to serve about half of the nearly four million population target the company has set of itself. Furthermore, Community Fibre seeks to capitalize on the TCS HOBS platform to quickly present offerings and new products that contribute positively to its customers. “ Community Fibre will launch new digital services with superior innovation and a much-improved time to market for our customers across all lines of business, helping to maintain our 4.9 ‘Excellent’ Trust Pilot score and 96% 5-star reviews (August). The partnership with TCS HOBS is central to the success of that strategy.”, says Chief Information Officer at Community Fibre, Chris Williams. President of TCS Interactive, Kamal Bha...
Here's more »