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    Softbank Recorded a Loss of $350 mn on its Indian Investment

    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…

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    Kumar Mangalam Birla to Head Vodafone-Idea Combined Entity

    Kumar Mangalam Birla, chairman of Aditya Birla Group likely to head the new telecom entity Vodafone-Idea combine. Vodafone-Idea combine is a new telecom giant in the making with both companies confirming discussions to form a joint business in an all-share deal, which could create ‘stronger’ telco to take on rivals such as market leader Bharti Airtel and…

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