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…
Thailand’s CAT Telecom has set an ambitious target of growing its fixed broadband customer base more than sixfold to 1 million by 2019.
The state-owned operator will ramp up its marketing efforts and spending on infrastructure to increase its broadband subscriber base from the current 160,000, theBangkok Post reported.
As part of its new fixed-line ambitions, the company has signed an exclusive deal with a Thai property developer to offer fixed telecom services at a high-street trading venue.
The contract will involve CAT spending 20 million baht ($610,000) to build fiber infrastructure allowing it to provide phone, internet and Wi-Fi services at the plaza. The company will share 5-10% of its telecom revenue with the developer.
CAT aims to revive its fixed business and generate more revenue from mobile and telecom infrastructure services in response to the nation shifting from a concession to a license model for the nation’s private operators. Original post at Telecom Asia