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…
Ericsson has been named as major supplier by Taiwan’s Far EasTone to provide hardware, software and support services for its LTE radio and core network.
Besides rolling out a multi-access RAN and core network for both 3G and 4G services, the Swedish company would assist Far EasTone with network optimization.
The agreement will see the LTE network rolled out nationwide, giving Far EasTone customers around the country speeds of up to 150 Mbps/50 Mbps (downlink/uplink) with 20 MHz LTE frequency bandwidth for smartphone and mobile broadband use. To speed up the network rollout, the 700 and 1800 MHz bands will both be supported, Ericsson said in a statement.
The deal will also see the implementation of Ericsson’s 4G CBS (Cell Broadcast System), which will enable the Taiwanese government and consumers to avail of disaster warning services.
“We are looking forward to this 4G implementation and offering our users an improved experience in terms of smartphone and mobile broadband usage in a very competitive market,” Yvonne Li, President of Far EasTone, said.
While extending a long-term partnership with Far EasTone, Jan Signell, Head of Ericsson Region North East Asia said that Far EasTone will now be able to offer its customers improved speeds and reliability, with the opportunity to expand as future needs grow.
Following its founding in 1997, Far EasTone Telecommunications (FET) quickly became a leading company in Taiwan, providing telecommunications and digital application services to customers. With this partnership, both the companies are planning to make Far EasTone’s 3G network one of the best-performing networks in the world.
Ericsson is the market leader in LTE. Around, 50 percent of the world’s LTE smartphone traffic is served by Ericsson networks. More than 190 LTE RAN and Evolved Packet Core networks have been delivered worldwide, of which more than 130 have gone live commercially. Ericsson is present today in all high-traffic LTE markets including the US, Japan, South Korea, Australia and Canada.