Telstra is in discussions to sell its Sensis directories business for as much as $3 billion as the telecommunications giant sheds the last vestiges of its traditional media operations in favour of technology services and bundled telephony packages with pay television operator Foxtel.
It is understood Telstra is in advanced negotiations with a United States private equity firm over the sale of Sensis, which publishes a range of print and online directories including the White Pages, Yellow Pages and The Trading Post. Sources said the deal could be completed as soon as next week.
TLS Price at posting:
$5.26 Sentiment: Hold Disclosure: Held
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