Australia's Telstra to book $195 mln impairment charge on Foxtel stake

Australia's Telstra Corporation said on Friday it expects to recognise an impairment charge of about A$300 million ($195.12 million) against its investment in a 35% stake in the Foxtel joint venture with Rupert Murdoch's News Corp.

from Reuters: Company News https://ift.tt/3bfBX8K