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…
As it inched closer to the 100- crore subscriber base, telecom industry identified mobile internet data as the next big thing for revenue generation even as consumers were burdened with up to 100 per cent rise in charges for such services in 2014.
From a subscriber base of nearly 91.5 crore at the end of last year, the industry was hoping to reach 100-crore mark by the end of 2014, while various players were seen devising new ways to expand their revenue base and caught on to the growing interest among consumers for mobile internet as a big opportunity.
Towards the end of the year, Airtel announced plans to charge extra for internet calls through VOIP applications like Skype and Viber, but had to abandon the idea after a public outrage. Click here to read the original post at ET Telecom