May 8 (Reuters) - Telstra Corporation Ltd TLS.AX :
* EXPECTS TO MAKE A NON-CASH IMPAIRMENT AND WRITE DOWN OF CARRYING VALUE OF ITS 35 PERCENT STAKE IN FOXTEL
* EXPECTS IMPAIRMENT CHARGE OF ABOUT A$300 MILLION AGAINST THIS INVESTMENT IN ITS FY20
* EXPECTED TO WRITE DOWN VALUE OF CO'S SHARE IN FOXTEL FROM A$750 MILLION TO ABOUT A$450 MILLION
* EXPECTED NON-CASH IMPAIRMENT CHARGE WILL NOT AFFECT CO'S FY20 RESULTS ON A GUIDANCE BASIS