MENU

How Telstra Corporation Ltd (ASX:TLS) wants to become a sports broadcaster

Telstra Corporation Ltd (ASX: TLS) has lifted its game to snare the rights to more sporting events by rolling out LTE-broadcasting technology Optus and Vodafone don’t have, according to an article in The Australian.

According to the report, LTE lets one source share high-definition quality streaming vision to millions of customers without consuming excessive network resources and will hold Telstra in good stead for its AFL, NRL, AFLW and netball broadcasting.

The tussle for broadcasting rights played out amongst television network companies earlier in the year after Nine Entertainment Co Holdings Ltd (ASX: NEC) scored sought-after tennis rights back in March, only to be brought back to reality when Seven West Media Ltd (ASX: SWM) secured a $1 billion broadcasting deal with Cricket Australia.

Telstra is clearly running its own race and doing whatever is necessary to defend its market share as the advent of 5G technology looms.

Plenty of investors have stuck with Telstra for its dividend returns, but this is our #1 dividend pick to grow your wealth over the new financial year - revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor Carin Pickworth owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.