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Telstra is preparing to write down by $273 million the value of Ooyala, its US-based intelligent video business, to zero. The telco announced the writedown following what it says were substantial efforts over the past 18 months to improve the business performance.

An MOU has been signed by Huawei and Microsoft at Huawei’s Connect 2017 event for “in-depth co-operation on the public cloud” to help companies implement “digital transformation".

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