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…
Expressing concerns over spectrum scarcity in the country, TRAI Chairman Rahul Khullar today said the availability of airwaves in India is less than 40 per cent as compared to European nations.
“If you compare country in Europe or rest of the world which are similar in size to Karnataka or Andhra Pradesh… actually the spectrum availability is less than 40 per cent of what is available in the rest of the world, that is our one big problem,” Khullar said while speaking at TRAI’s consumer outreach programme here.
For the last many years, the spectrum availability has been very scarce in India, he said adding it is even less than 50 per cent of the airwaves available in China.
The spectrum auction has just been concluded and most of these airwaves auctioned were the same available in 1994, there is no additional spectrum, Khullar said. Original post at ET Telecom