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 Unicom and China Telecom are set to expand their 4G trials to an additional 15 cities, a move which will see the companies’ hybrid FDD/TDD LTE network reach 56 cities across the country.
The Ministry of Industry and Information Technology (MIIT) yesterday approved the expansion plans, giving the two mobile operators a bigger 4G footprint to compete against China Mobile, whose TD-LTE network already covers more than 300 cities with more than 570,000 TD-LTE base stations.
China Telecom will see its 4G network expand to Shaoxing, Taizhou, Changzhou, Xuzhou, Yangzhou, Yancheng, Qingdao, Tangshan, Baoding, Dalian, Zhongshan, Huizhou, Jiangmen, Wuhu and Yulin, reports sina.com.
China Unicom, meanwhile, will extend its 4G coverage to Foshan, Quanzhou, Weifang, Wenzhou, Fuyang, Wuxi, Yichang, Hengyang, Guilin, Langfang, Linfen, Nanchong, Weinan, Nanyang and Nantong. Original post at Telecom Asia