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…
Swedish telecom gear maker Ericsson is set to ink a clutch of deals with India’s top telecom operators for operations support systems (OSS) and business support system (BSS) in the six months to June as it looks to consolidate its position in these segments.
“We are working with all major Indian operators. There are a few new deals in the pipeline. We are expecting some deals in the first half for both OSS and BSS,” Nishant Batra, vice president, engagement practices at Ericsson India told ET.
OSS comprise software applications which support a telecom operator’s back-office activities and maintain customer services while BSS are software applications that support activities involving customer interface such as billing, customer relationship management and call centre automation. Original post at ET Telecom