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…
State-run telecom operator Bharat Sanchar Nigam Ltd is expected to tweak its tender terms to source equipment for a mega telecom network it’s building for the armed forces, so that all domestic telecom gear makers can bid for contracts.
The telecom department (DoT), in an internal note, has urged BSNL to issue a clarification stating that the tender clause of “mandatory prior experience” will not apply to local manufacturers vying to supply optical network transmission systems and core IP equipment for the proposed Rs 13,334-crore defence telecom network.
The DoT note, seen by ET, said the state-run telco’s tender norms for the armed forces telecom network are not in sync with the preferential market access (PMA) policy, which states that local telecom vendors “must be encouraged” and not be subject to any “restrictive product specifications or mandatory prior experience” riders. Original post at ET Telecom