May 8 (Reuters) - Australia's Telstra Corporation TLS.AX 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)