Telstra rules out Nine bid

Telstra has denied it is poised to make a large-scale acquisition in the media sector.

In his first public appearance since joining the Australian telco in January, Telstra media boss Rick Ellis rejected reports that he was weighing up an imminent offer for the debt-laden Nine Entertainment, or any other player in the free-to-air television market.

“We are not looking at Nine Entertainment,” he said. “We are not contemplating any acquisitions at this point in time.”

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