Australia's Optus mulls selling sports streaming service to Nine, AFR reports (updated)

Nine Entertainment Holdings

20/01/2025 07:46

(Adds details, background from paragraph 2 onwards)
       Jan 20 (Reuters) - Singapore Telecommunications-owned
 STEL.SI  Optus, Australia's No. 2 telecom carrier, is looking
to sell its sports streaming platform Optus Sport to media house
Nine Entertainment  NEC.AX , the Australian Financial Review
(AFR) reported on Monday.
    A potential deal would grant streaming rights for the
English Premier League to Nine's local streaming service Stan,
while allowing Optus to focus on its core telecom assets, the
report said, citing sources with knowledge of the talks.
    Optus, Nine Entertainment and SingTel did not immediately
respond to Reuters' requests for comments.
    The AFR report comes after DAZN's A$3.4 billion ($2.11
billion) buyout of cable-TV platform Foxtel last month, which
will allow the British-owned sports network to enter the
Australian market with rights to the Australian Football League
and the National Rugby League.
    
($1 = 1.6100 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru; Editing by Savio
D'Souza and Subhranshu Sahu)
 ((Aaditya.GovindRao@thomsonreuters.com;))