Telstra CEO Andy Penn speaking at the Telstra 2015 Australian Digital Summit in Sydney. Source: News Corp Australia

Mr Penn told Business Spectator in an interview that Foxtel was an important strategic asset for the company, and that it had the best sports content and TV service in Australia.

He added Telstra is “open to how we organise the businesses and structure them to make them as successful as possible in the future.”

“But we have no plans to sell our investment in Foxtel,” he said.

Fairfax newspapers reported earlier this month, citing anonymous sources, that the telco was mulling a possible exit from Foxtel as rivals such as Netflix gather momentum.

Mr Penn, who became chief executive following former CEO David Thodey’s resignation earlier this year, said under his leadership Telstra would grow its international business faster than its domestic business in coming years.

“Within Asia typically there are faster growing markets, so that’s the opportunity for us. Today it probably represents a little over 10 per cent of our business and obviously we’d like to grow that.”

For the full interview transcript and video interview with Alan Kohler and Stephen Bartholomeusz see Business Spectator on Monday.