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Broadband

Telstra announces AUD 273 million Ooyala impairment

Friday 2 February 2018 | 07:44 CET | News
Australian operator Telstra expects to make a non-cash impairment and write down the carrying value of Ooyala, its US-based intelligent video business, to zero. Following completion of its impairment testing process for the half year ended 31 December 2017, Telstra expects to recognise an impairment charge of AUD 273 million against goodwill and other non-current assets in its results for that period to write the company value down to zero. This is subject to Audit and Risk Committee and board review and approval.

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Categories: Internet
Companies: Microsoft / Ooyala / Telstra
Countries: Australia
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