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…
DragonWave Inc. a leading global supplier of packet microwave radio systems for mobile and access networks, today announced entry into Nokia’s newly formed MicroWave Backhaul EcoSystem. DragonWave is continuing its longstanding partnering with Nokia, which was formed four years ago, and was strengthened in 2012 through DragonWave’s purchase of the Nokia microwave business unit. The two companies have over 50 active customers.
The DragonWave-Nokia partnership is a broad, multi-faceted partnership, which includes microwave backhaul, millimeter wave backhaul, joint development and technology collaboration, network management collaboration and sales, services, R&D, and legacy maintenance.
“DragonWave welcomes Nokia’s focus on strengthening sales of partner products and the creation of the Partner Business Unit,” said DragonWave President and CEO Peter Allen. “The increased focus on Nokia’s growth through partnership, will be strengthened through the creation of the microwave backhaul ecosystem, and allows both companies to have a greater focus on offering the best end-to-end solution. As the long-standing global partner in this ecosystem, DragonWave looks to build on our cornerstone foundation, and continue to grow the partnership through continued joint development and delivery of complete mobile broadband solutions. This is demonstrated by our progress in 2015 already, where we jointly have 15 active and completed trials, and 5 new end customer projects.”
“Our mobile operator customers require a wide range of wireless solutions from small-cell to high capacity macro-cell. As Nokia’s global microwave backhaul partner, DragonWave continues to offer our customers high-capacity and spectrally-efficient solutions,” said Vittorio Tagliabue, Head of Microwave Transport Partner Business at Nokia Networks. “Together, we introduce new powerful innovations to our microwave backhaul portfolio, like the recent base station transport plug-in card for zero footprint solutions.”