BRIEF-Telstra to sell 70 percent stake in its directories business

Jan 13 (Reuters) - Telstra Corporation Ltd TLS.AX :

* Telstra to sell majority stake in sensis TLS.AX

* Says entered into agreement to sell a 70 percent stake in its directories business, Sensis to US based private equity firm, Platinum Equity for A$454 million

* Says sale proceeds are incremental to co's FY 2014 free cashflow guidance of A$4.6billion to A$5.1billion

* Says about A$100 million expected to be included in the December 2013 half year results

* Source text for Eikon News Search ID:nASXbhJlks

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