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…
American telecom operator, AT&T spent $15.5 billion in 2013 with certified diverse suppliers – the highest percentage the company has ever achieved through its supplier diversity program.
According to the company it is the 28 percent of its total spend and in the year 2012 it spent $12.8 billion with diverse suppliers.
“Supplier diversity is key to our overall success, and we take pride in being a leader in this area. Diverse suppliers are an integral part of our supply chain, as evidenced by achieving our largest-ever diversity spend in 2013. They bring valuable perspective to the table, and that benefits everyone – our customers, the community and our company,” said Tim Harden, AT&T Supply Chain president.
AT&T’s Global Supplier Diversity organization gives certified diverse businesses worldwide an opportunity to provide the company with products and services. AT&T Supplier Diversity promotes participation and helps bring more minority, women and service-disabled veteran owned businesses to its supply chain.
The company continues to look for diverse suppliers in key strategic areas like mobile Internet, wireless, U-verse and cloud services. AT&T is now innovating at a faster pace to continue delivering superior service. That means working with suppliers who can take AT&T to the next level.
It has a number of programs in place to identify and develop certified diverse suppliers. One of them is Operation Hand Salute, a national education and mentoring program for service-disabled veteran business owners. The initiative provides advanced training and mentoring for up to 15 qualified business owners – with the goal of improving their business operations and their ability to win corporate contracts.