February 1, 2018 / 11:24 PM / 8 months ago

BRIEF-Telstra Announces Ooyala Impairment

Feb 2 (Reuters) - Telstra Corporation Ltd:

* TELSTRA ANNOUNCES OOYALA IMPAIRMENT

* TELSTRA EXPECTS TO RECOGNISE AN IMPAIRMENT CHARGE OF A$273 MILLION AGAINST GOODWILL AND OTHER NON-CURRENT ASSETS IN ITS RESULTS FOR​ HY

* ‍EXPECTS TO MAKE NON-CASH IMPAIRMENT & WRITE DOWN CARRYING VALUE OF OOYALA, ITS US-BASED INTELLIGENT VIDEO BUSINESS, TO ZERO​ Source text for Eikon: Further company coverage:

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