Australian pay TV company Foxtel is jointly owned by Telstra and News Corp Australia. Foxtel currently runs a trio of video streaming services—Foxtel Now, Kayo Sports, and Binge. The SVoD service Presto was shuttered in early 2017. Operations and figures: Foxtel revenue declined by 5.9% in Q2 2020 to AU$625million, experiencing 98,000 subscriber exits in this period—reflecting the transition from broadcast to IPTV. There are now 1.7 million Telstra TV devices in the market, an increase of 114,000 year on year. Sports Live Pass users increased by 370,000 to 3.4 million, mostly across mobile. As of Q2 2020, Telstra wrote down the value of its 35% share in Foxtel from $750 million to approximately $450 million, citing several years of…