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…
China Telecom Global (CTG) has announced a new strategy aimed at adapting to changes in the wholesale telecom market.
The company plans to develop large-bandwidth products targeting a variety of applications and explore new markets for its offerings.
CTG will developer high-bandwidth, OTN and ultra-low-latency products for next-generation networks.
Announcing the new strategy at Capacity Asia 2014, CTG said the traditional wholesale business is rigid and saturated, with Gartner expecting a mere 4.5% growth between 2014 and 2019.
To address these challenges, CTG will adjust its focus towards developing products that meet the rapid changes in demand of retail service providers and others.
In line with this diversification, CTG plans to target the fast-growing cloud services market, including platforms, CDN and IT service delivery. Original post at Telecom Asia