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Telstra Corporation Limited (ASX:TLS) is working with investment bank Credit Suisse on its media strategy. That’s according to the Australian Financial Review.
Credit Suisse has advised Telstra – a 50 per cent owner of Foxtel - on the Austar takeover, and has reportedly, unofficially advised on a potential bid for Consolidated Media Holdings Limited (ASX:CMJ).
The media report says that a deal would be very difficult to pull off.
Telstra generated a net profit of $1.5 billion for the first half of its 2012 financial year.
