Take context from the input text and decide on the accurate relationship between 'Foxtel' and 'Telstra' from the options provided.
Options: chief executive officer, legal form, owned by, business division

Seven will telecast an average of 3.5 matches per round on free-to-air TV in a deal that will begin in 2017, while Foxtel will maintain its rights for all nine matches and Telstra the digital rights.
owned by