Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Alcatel-Lucent, the French telecom equipment maker that is in the process of being bought by Finnish rival Nokia, said 2015 will be business as usual for the company globally and in India, with the two companies operating separately and competing where they need to.
In India, Alcatel-Lucent will continue its focus on IP optics, software and fixed-line business as they will be complementary to its acquirer, Tim Krause, the firm’s chief marketing officer, told ET. “Software-driven products is already a growth area, and will be complementary to Nokia. Now they will not have any reliance on other players in this segment,” he said. Original post at ET Telecom