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…
Bharti Airtel Monday crossed the 300 million customers mark across its operations that include mobile, fixed line & DSL, and DTH services.
The telco began operations in 1995 and reached the 100 million customers mark in 200. It crossed the 200 million mark in 2012.
The latest 100 million customers have joined the Airtel family in less than two years, the company said in a statement.
“This milestone underlines the strength of our operations, which is one of the largest on a global scale. It is also a tribute to the ‘Airtel’ brand which is trusted by customers in 20 countries, making it the largest global consumer brand out of India,” Gopal Vittal, managing director and CEO (India and South Asia) Bharti Airtel, said in a statement.
With 300 million customers, Bharti Airtel now ranks as the fourth largest mobile service provider globally and second largest globally outside of China. More at Telecom The Economic Times