Telstra may sell Sensis for $3bn

Telco giant may strike deal with US private equity firm this week: report.

Telstra Corporation (TLS) may sell its Sensis directories business for as much as $3 billion to a US private equity firm as it seeks to cut all involvement in traditional media operations, according to The Australian Financial Review.

The report suggested Telstra was in advanced talks with an unnamed US firm to sell its online and print directories business as early as this week. It has since been revealed that Platinum Equity Partners may be the suitor.

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