May 8 (Reuters) - Australia's Telstra Corporation (TLS) 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 NWSA.O .
Telstra's decision follows the write down in value of Foxtel by News Corp a few hours earlier.
The company said the impairment charge is expected to write down the value of Telstra’s share in Foxtel to about A$450 million from A$750 million. ($1 = 1.5375 Australian dollars)
May 8 (Reuters) - Australia's Telstra Corporation (TLS) said on...
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Last
$4.97 |
Change
0.000(0.00%) |
Mkt cap ! $56.58B | |||
| Open | High | Low | Value | Volume |
| $4.97 | $4.98 | $4.95 | $131.7M | 26.50M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19027 | $4.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.97 | 82784 | 5 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| TLS (ASX) Chart |