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…
AT&T signed more than 300 deals this year, across the U.S. and abroad, to connect devices across the automotive, shipping, industrial, health care, home security and smart cities sectors.
About 25 million connected devices are now on the AT&T network, a year-over-year increase of more than 25 percent when compared to 3Q 2014. In the 3rd quarter alone, we added a record of more than 1.6 million connected devices. Of that number, 1 million were connected cars.
“This year was pivotal for IoT. We saw, and are continuing to see, tremendous global interest and adoption from virtually every industry,” said Ralph de la Vega, CEO, AT&T Mobile and Business Solutions. “Our IoT solutions help you monitor cargo, homes, vehicles and containers around the globe. You can connect light posts and water systems, wheelchairs, trash cans and soil. Connectivity is changing how companies operate and how people interact. Just wait until next year. We think 2016 will be the year when IoT becomes an indispensable part of our daily lives as consumers, governments and businesses fully embrace all it has to offer.” Read more