Telstra Corporation Limited (ASX:TLS) is reportedly eyeing Nine Entertainment as a potential acquisition according to The Australian.
The Telco is said to be reviewing the financials of the television network with the advice of its investment bank Credit Suisse.
Channel Nine’s owner, CVC will need to refinance its debt by February next year.
Its key assets include ACP Magazines, Ticketek and Ninemsn.
Reports surfaced last week that Fairfax Media Limited (ASX:FXJ) was also eyeing a stake in the entertainment group in an effort to increase its profits.
Telstra generated a net profit of $1.5 billion for the first-half of its 2012 financial year
